Humanoid Robots Go Public: Agility's 2.5 Billion Dollar Wall Street Debut

The humanoid robot boom has found its way to the stock market. Agility Robotics, the Oregon company behind the warehouse robot Digit, has agreed to go public through a merger with Churchill Capital Corp XI, a special purpose acquisition company. The deal values the firm at 2.5 billion dollars before new money and is expected to bring in more than 620 million dollars, including a private placement of roughly 200 million led by Foxconn. Reports describe it as the largest capital raise in humanoid robotics to date, and it would make Agility the first pure-play humanoid company listed on a US exchange, under the ticker AGLT.

What Agility is actually selling

Unlike many rivals, Agility arrives with more than a demo reel. Digit has reportedly logged over 65,000 hours of work across nine customer facilities, moving totes and containers for names such as Schaeffler, GXO, Toyota Motor Manufacturing Canada and Mercado Libre. The company says it has booked more than 300 million dollars in multi-year orders, roughly a thousand robots, for its next-generation Digit v5, sold through a robots-as-a-service model in which customers pay a monthly fee instead of buying the machine.

The filings tell a more sobering story too. According to GeekWire's reading of the documents, Agility remains unprofitable, with operating expenses climbing to about 111 million dollars in 2025 from 71 million the year before, and an annual cash burn near 100 million. Building humanoids is still a capital furnace; that is precisely why the company is heading to the public markets.

A sober pitch in a frothy market

The most striking part of the announcement is its tone. CEO Peggy Johnson, a former Microsoft executive and Magic Leap chief, declined to give financial guidance and pointedly refused to promise a robot in your home anytime soon. In a field fueled by viral videos of backflipping machines, that restraint reads almost as a provocation.

It also stands out against the surrounding frenzy. In the same weeks, AI2 Robotics reportedly raised about 735 million dollars at a valuation near 3 billion, while in Paris the former Tesla Optimus scientist Remi Cadene unveiled UMA's plans for Northstar, a lightweight humanoid aimed first at European factories and warehouses. Capital is flooding in faster than robots are shipping.

Going public will change the rules. Quarterly earnings impose a discipline that funding rounds do not: bookings must become revenue, pilots must become fleets, and promises must survive audits. If Agility's bet pays off, the whole sector gains its first honest public scoreboard. That may prove more valuable than the 620 million dollars.