Agility Robotics Becomes First Public Humanoid Company

Agility Robotics began trading on Nasdaq as AGLT after merging with Churchill Capital Corp XI, a SPAC. The deal values existing equity at about $2.5 billion and expects roughly $465 million in gross capital, despite $1.8 million of 2025 revenue and a $138.1 million net loss.

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Agility Robotics is the first humanoid-focused company to list in the US, via a SPAC merger with Churchill Capital Corp XI. Its $2.5 billion valuation sits far below private rivals such as Figure AI at about $39 billion, while its financials show $1.8 million of revenue and a $138.1 million net loss. The listing gives public investors a reference point for pricing humanoid businesses with real deployments against those priced on future promise. About $465 million of gross proceeds funds the Digit 5 ramp, with deliveries targeted for the first half of 2027 against a $300 million-plus single-customer order. The FCC ban on new foreign-made advanced robotic devices and Unitree's roughly $40 billion Shanghai listing frame the competitive and policy backdrop.