Luminar Stock Skyrockets 31% on Buyout Buzz – Lidar Boom Back in Spotlight?
Luminar shares surged 31.4% to $2.22 on Oct. 25, 2025, following reports that founder Austin Russell is seeking to take the company private via Russell AI Labs. The buyout proposal comes as Luminar cut its 2025 guidance and missed Q2 forecasts, with Q3 results due Nov. 13.