Last updated: 2026-01-29 20:38:00 ET
None of the other commercial bidders could deliver a comparable range, Norway said.
An unidentified bidder submitted a Hail Mary offer that was "substantially higher" than the winning bid at auction. Founder Austin Russell has been circling a bid, but it's not clear he was behind it.
A new leading bidder has appeared in the Luminar bankruptcy case: Redmond, Washington-based MicroVision, which beat out Quantum Computing Inc.'s bid by $5 million.
A company called Life Electric Vehicle Holdings has emerged as the top bidder for Rad Power's assets. It's not clear what the company plans to do with them, though.
