Humanoid robotics is getting its first real public-market test. Agility Robotics, maker of the bipedal warehouse robot Digit, agreed to merge with Churchill Capital Corp XI in a deal valuing the company at $2.5 billion and expected to deliver more than $620 million in proceeds — roughly $420 million from the SPAC's trust plus a $200 million PIPE led by existing investor Foxconn. Amazon, NVIDIA, SoftBank, and DCVC are among its strategic backers.
Agility's pitch is deliberately unglamorous: Digit has logged 65,000 hours of paid commercial operation at GXO, Toyota, Schaeffler, and Mercado Libre, and the company reports a $300 million committed order backlog — largely from a single three-year, 1,000-robot contract. It was also named launch partner for NVIDIA's Halos, billed as the first full-stack safety architecture for humanoids working beside people. CEO Peggy Johnson is pointedly not promising home robots.
The listing wave is global. China's Unitree — the volume leader with more than 5,500 humanoids shipped in 2025 — is pursuing a Shanghai STAR Market listing at a reported $6.2 billion valuation, while Agibot targets a Hong Kong IPO at $5.1-6.4 billion and EngineAI has filed confidentially. For the first time, investors will get comparable public benchmarks for a sector that has so far traded on demos and narratives.
