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Luminar’s 25-year-old founder Austin Russell set to join billionaire ranks
The Stanford University dropout’s backers include Peter Thiel, who awarded Russell a fellowship to help start the firm
20 October 2020 - 22:04
San Francisco — Austin Russell, the 25-year-old founder and CEO of Luminar Technologies, is set to become one of the youngest self-made billionaires.
Russell will hold 104.7-million shares of Luminar after it goes public, a roughly 35% stake that is worth about $1.1bn at the company’s current valuation, according to a proxy statement filed on Monday...
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