Palmer Freeman Luckey was the kind of wunderkind Silicon Valley venerates. When he was just 21, he made an overnight fortune selling his start-up [facebook.com], a company called Oculus VR that made virtual-reality gear, to Facebook for $2 billion in 2014.
But the success story took a sideways turn this year when Mr. Luckey was pressured to leave Facebook months after news spread that he had secretly donated to an organization dedicated to spreading anti-Hillary Clinton internet memes.
[...] And he has a new start-up in the works, a company that is developing surveillance technology that could be deployed on borders between countries and around military bases, according to three people familiar with the plan who asked for anonymity because it's still confidential. They said the investment fund run by Peter Thiel, a technology adviser to Mr. Trump, planned to support the effort.
In an emailed statement, Mr. Luckey confirmed that he was working on a defense-related start-up. "We are spending more than ever on defense technology, yet the pace of innovation has been slowing for decades," he wrote. "We need a new kind of defense company, one that will save taxpayer dollars while creating superior technology to keep our troops and citizens safer."