Palmer Luckey’s retro gaming venture seeks $1 billion valuation as FPGA-based Nintendo 64 clone launch nears — ModRetro's M64 console plays original N64 cartridges, supports 4K resolution from Latest from Tom's Hardware on 2026-03-08 14:38 (#74397) Palmer Luckey is said to be in talks with investors to raise funds for ModRetro at a $1 billion valuation as the retro gaming company prepares to ship its second product.