3/28/2023 0 Comments Luminar ipo![]() ![]() $742M: Palantir's sales for 2019, anticlimactically less than the ~$1B that has been reported for years.By then, Rivian may be at 500 billion market cap. Russell told Yahoo Finance Live, Luminar should begin to see benefits of these deals in sales by 2023, as it ramps up production at scale. 125: Palantir's number of customers could barely fill the theater at a Mission Impossible screening. The company has secured a barrage of new deals for its Lidar technology, most recently with Polestar (more on its upcoming IPO here) and Nvidia.That's impressive, but a little less impressive when you consider. $5.6M: Palantir's massive average revenue per customer.is an autonomous vehicle sensor and Lidar technology company, which designs, builds, and sells. A few numbers stood out to us from the screenshotted-leakage: Chinese LiDAR maker Hesai stock jumps 11 after upsized 190M IPO. Luminar CEO Austin Russell joins Yahoo Finance to discuss the future of autonomous vehicles, their Nvidia partnership, and how the Rivian IPO displays driven interest in EV and autonomous. Palantir's S-1 filing got leaked by a shareholder to TechCrunch. It filed its IPO paperwork confidentially (of course), which means we didn't get to check out its financials. Palantir filed to go public back in July, 17 years after its founding.That data could allow a bank to spot the movement of criminal money, or help a government agency thwart a terrorist attack. At a high level, Palantir is a software company that collects and synthesizes data for big clients.That's slightly ironic, since Palantir is known for its super-secretive ways and its ties to intelligence agencies. We're all "people familiar with the matter" (#PFWTM) now that Palantir's IPO paperwork has been leaked. Palantir's leaked IPO paperwork gives a look into its secretive business Cost: Lidar sensors can cost carmakers tens of thousands of $$$ - Luminar hopes to differentiate itself by bringing down the price of these autonomous eyes.ΔΆ.Luminar is pitching advanced safety of its sensors, which identify objects from 250 meters away (even in the dark). Safety: Driverless vehicles are still sweat-inducing.Besides government regulation, there are 2 main obstacles preventing self-driving from going mainstream: But it's trying to tackle a decades-old issue: how to bring autonomous vehicles to streets. Luminar is a 3-year-old company with a 25-year-old CEO. Gores stock jumped 8% on the surprise acquisition. Luminar will be worth $3.4B after it merges with Gores Metropoulos (sounds like a Russian hotel, actually the SPAC). ![]() SPACs go public for the sole purpose of one day acquiring a real company (in this case, Luminar). A SPAC is essentially a company without a company. Luminar is going public via SPAC merger.By measuring the time a laser takes to hit something, lidar sensors build out 3D maps of environments (like the 405 at rush hour). The lidar method involves shining lasers at objects to measure their distances. Luminar makes lidar tech that allows self-driving cars to "see" their surroundings. Self-driving tech, a SPAC, and a Peter Thiel-backed startup - sounds like the perfect recipe for a summer 2020 IPO. Luminar is going public in a $3.4B merger to sell "eyes" for self-driving cars ![]()
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