Time has emerged as a new degree of freedom for metamaterials, promising new pathways in wave control. However, electromagnetism suffers from limitations in the modulation speed of material parameters. Here we argue that these limitations can be circumvented by introducing a travelingwave refractive index modulation, with the same phase velocity of the waves. We show how the concept of "luminal grating" can yield giant nonreciprocity, achieve efficient one-way amplification, pulse compression and frequency up-conversion, proposing a realistic implementation in double-layer graphene.Temporal control of light is a long-standing dream, which has recently demonstrated its potential to revolutionize optical and microwave technology, as well as our understanding of electromagnetic theory, overcoming the stringent constraint of energy conservation [1]. Along with the ability of time-dependent systems to violate electromagnetic reciprocity [2][3][4], realising photonic isolators and circulators [5][6][7][8], amplify signals [9], perform harmonic generation [10,11] and phase modulation [12], new concepts from topological [13][14][15] and non-Hermitian physics [16,17] are steadily permeating this field.However, current limitations to the possibility of significantly fast modulation in optics has constrained the concept of time-dependent electromagnetics to the radio frequency domain, where varactors can be used to modulate capacitance [18], and traveling-wave tubes are commonly used as (bulky) microwave amplifiers [19]. In the visible and near IR, optical nonlinearities have often been exploited to generate harmonics, and realize certain nonreciprocal effects [20]. However, nonlinearity is an inherently weak effect, and high field intensities are typically required.In this Letter, we challenge the need for high modulation frequencies, demonstrating that strong and broadband nonreciprocal response can be obtained by complementing the temporal periodic modulation of an electromagnetic medium with a spatial one, in such a way that the resulting traveling-wave modulation profile appears to drift uniformly at the speed of the wave. Exploiting acoustic plasmons in double-layer graphene (DLG), we show that unidirectional amplification and compression can be realistically accomplished in such luminal gratings, despite the intrinsic limitations in the modulation speed of graphene. Our results hold potential for efficient THz generation, loss-compensation and amplification of plasmons, overcoming the typical trade-off between plasmon confinement and loss.Bloch (Floquet) theory dictates that the wavevector (frequency) of a monochromatic wave propagating in a spatially (temporally) periodic medium can only Braggscatter onto a discrete set of harmonics, determined by the reciprocal lattice vectors. This still holds true when the modulation is of a travelling-wave type, whereby Bragg scattering couples Fourier modes which differ by a discrete value of both energy and momentum combined [2,7,[21][22][23][24]. As shown in Fig. 1 for a 1D s...