Self-driving car company Luminar Technologies LAZR
went public on Thursday through a Special Purpose Acquisition Company (SPAC), making founder Austin Russell a billionaire at the age of 25.
Russell joins a short list of people who have amassed a billion-dollar fortune before the age of 30. He founded Luminar in 2012 when he was just a teenager, leaving Stanford University to focus on his company.
“It’s been insanely intense, grueling…everything through every day that we’ve had to go through, scaling this up. And of course it’s incredibly rewarding to have an opportunity to be able to get out there now and get into the public markets and scale through this IPO SPAC,” Russell said in a recent interview with Forbes. “I’m still relatively young, but…a lot of…