From BigGo Finance · BigGo Finance · · 1m 30s
Agility Robotics Lists on Nasdaq as First US Humanoid IPO
Agility Robotics debuts on Nasdaq as first US humanoid robot maker to go public, valued at $2.5 billion.
In brief
Agility Robotics debuts on Nasdaq as first US humanoid robot maker to go public, valued at $2.5 billion. Agility Robotics became the first US humanoid robot company to list on Nasdaq after merging with Churchill Capital Corp XI, valued at $2.5 billion. Originally reported by BigGo Finance.
Agility Robotics Lists on Nasdaq
Agility Robotics debuts on Nasdaq as first US humanoid robot maker to go public, valued at $2.5 billion.
Merger with Churchill Capital Corp XI
Agility Robotics merges with Churchill Capital Corp XI, a blank-check vehicle led by former Citigroup executive Michael Klein.
Valuation and Proceeds
The deal values existing equity at about $2.5 billion and is expected to raise roughly $465 million before expenses.
2025 Financials
Agility reported $1.8 million revenue, a $138.1 million net loss, and $99.8 million cash used in operations for 2025.
Customer and Backlog
Agility has over $300 million in orders for 1,000 units from one customer, with deliveries targeted for 2027.
Digit 5 Model
Agility's Digit 5 robot is designed to operate safely alongside workers without safety cages, with deliveries targeted for 2027.
Investor Roster
Agility's investors include Amazon, Foxconn, Nvidia, SoftBank, and venture firm DCVC.
Market Valuation Gap
Figure AI is valued at $39 billion, Apptronik at $5.5 billion, and Neura Robotics at $7 billion, while Tesla develops Optimus without a valuation.
Historical SPAC Performance
Lucid and Oklo, Churchill Capital's earlier SPAC deals, have seen significant price drops after delivery shortfalls.
The takeaway
Agility Robotics became the first US humanoid robot company to list on Nasdaq after merging with Churchill Capital Corp XI, valued at $2.5 billion.
