Luminar Technologies, a developer of advanced automotive LiDAR hardware and software, ceased operations and entered Chapter 11 bankruptcy liquidation in early 2026 following significant financial and operational challenges. Despite proprietary 1550nm wavelength LiDAR sensors delivering superior range and resolution, the company struggled with cost competitiveness and scale. Assets including its semiconductor subsidiary and LiDAR business were sold during bankruptcy proceedings, resulting in complete equity value loss for shareholders.