Lidar-maker Luminar files for bankruptcy(theverge.com)
theverge.com
Lidar-maker Luminar files for bankruptcy
https://www.theverge.com/news/844755/luminar-lidar-chapter-11-bankruptcy
3 comments
Crazy that it was just this year that Mark Rober posted his infamous video showing a Tesla getting fooled by a painting, and praising Luminar (causing the stock to jump by 30%)...
I'm sure when this is all over there will be interesting stories to tell. Does anyone know why they failed?
SPAC.
Luminar was an exit scam in the SPAC era, they went public during that time and they have been struggling.
Also Lidar is hugely expensive.
Their Lidar deal with Volvo fell through and now it's bankrupted them.
Luminar was an exit scam in the SPAC era, they went public during that time and they have been struggling.
Also Lidar is hugely expensive.
Their Lidar deal with Volvo fell through and now it's bankrupted them.