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Fortune
Fortune
Nick Lichtenberg

Silicon Valley billionaire flies coach out of solidarity: 'If I'm going to ask my employees to do it, I need to do it, too'

anduril (Credit: Kyle Grillot/Bloomberg via Getty Images)

In an industry known for private jets and lavish perks, Palmer Luckey, the 33-year-old billionaire founder of Oculus VR and the defense technology company Anduril, cuts a distinct figure. Despite a net worth built on a multibillion-dollar sale to Facebook (struck while he was still in his 20s) and a rapidly growing defense empire, Luckey can be found flying economy class, he told podcast hosts Sam Parr and Shaan Puri in 2022. His reasoning is rooted in a philosophy of leadership solidarity: “If I’m going to ask my employees to do it, I need to do it, too.”

Luckey revealed his travel habits during a conversation on the “My First Million” podcast, explaining that his company, Anduril, enforces a strict travel policy. To conserve resources, the company generally covers only coach travel for employees. Luckey views upgrading to business or first class as a poor use of company funds, noting that the cost difference could consume a “serious fraction” of resources given the volume of travel required for his staff.

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