His inventive spirit helped kick-start the modern VR revolution and helped build an industry.
A year ago during the election, Luckey came under fire when it was revealed that he had donated to a group known for distributing anti-Hillary Clinton memes on the internet.
Oculus VR co-founder and Rift headset inventor Palmer Luckey. "We're thankful for everything he did with Oculus and VR, and we wish him all the best". "Palmer will be dearly missed", Facebook told UploadVR, which broke the news, and later confirmed to The Verge.
This is Palmer's final official week at Oculus, according to Facebook. Luckey only admitted to donating to the group.
That said, he's also faced his fair share of controversy, with Trump support resulting in some backlash, and a recently lost lawsuit against Zenimax that will cost the company millions.
Facebook CEO Mark Zuckerberg has hailed virtual reality as the next major computing platform after mobile devices.
In March 2014, Facebook announced it would buy his company Oculus VR for almost $2 billion, a move that spurred interest and investment in VR to the level we see today.
Luckey's departure is the latest leadership shakeup at the company. ZeniMax brought suit against both Facebook and Luckey for theft of intellectual property and disseminating a false origin story for the Rift as entirely Luckey's invention - the Oculus, ZeniMax claimed, was based on its software.