As the digital pioneer in a historically analog industry, Ouster is taking lidar beyond autonomous vehicles and into much larger and rapidly growing markets spanning industrial automation, smart infrastructure, robotics, and more.
Peter Thiel-backed Luminar Technologies Inc. briefly touched an all-time high within days of emerging as a standalone company as investor excitement over developers of laser-sensors that enable autonomous driving (lidar) ramped up.
Shares’ prices of Luminar Technologies Inc., the Beverly Hills, California-headquartered Lidar-sensor manufacturer for autonomous driving technology, witnessed an exploding rally at its Nasdaq-debut on Thursday.
A hot startup called Aeva Inc. that develops lidar-based technology for autonomous vehicles, said today it’s planning to go public in a “blank check” merger that will value it at over $2.1 billion.
By now, I’m sure at least some of you are getting quite tired hearing about special purpose acquisition companies, or SPACs. Seemingly every other market debut is a SPAC, essentially a backdoor way of doing an initial public offering. Nevertheless, Gores Metropoulos (NASDAQ:GMHI) stock has attracted much attention and for good reason.