Agility Robotics lists on Nasdaq as first US pure-play humanoid robot company

Humanoid robots have spent years as the stuff of trade show demos and venture pitch decks. Now one of them has a ticker symbol.

Agility Robotics completed its business combination with Churchill Capital Corp XI on November 4, 2026, and its shares were set to begin trading on Nasdaq under AGLT on November 5, 2026. That makes Agility the first publicly listed US company focused solely on humanoid robotics.

How the deal came together

Agility skipped the traditional IPO roadshow. It went public through a reverse merger with a special purpose acquisition company, or SPAC.

The transaction set Agility’s pre-money equity valuation at $2.5 billion. The combination is expected to bring in approximately $465 million in gross proceeds before expenses.

That money comes from three buckets. The SPAC trust account supplies $164 million. A PIPE financing led by Foxconn adds approximately $201 million, and prior equity investments account for another $100 million.

Foxconn leading that round is a notable vote of confidence from one of the world’s best known contract manufacturers. Existing Agility shareholders also rolled 100% of their equity into the combined company, so nobody on the inside cashed out on the way in.

The numbers behind the robot

Agility’s flagship product is Digit, a bipedal humanoid built for commercial work. Digit has logged more than 65,000 operating hours across nine customer sites.

Those customers include GXO, Schaeffler, Toyota, and Amazon.

Agility reported revenue of $1.8 million in 2025, while its operating loss for the year is expected to land between $138 million and $140 million.

Agility has more than $300 million in multi-year orders for its next-generation Digit 5 robot, though those orders are subject to milestones.

The fresh capital is earmarked for expanding manufacturing at Agility’s RoboFab facility. The plan is to enable production of up to 10,000 units annually.

From university lab to public market

Agility is older than the current wave of physical AI enthusiasm. The company spun out of Oregon State University in 2015, founded by researchers who made progress on a stubbornly hard problem: teaching a robot to walk safely on two legs.

The company is now led by CEO Peggy Johnson. Her resume includes stints at Magic Leap, Microsoft, and Qualcomm.

What this means for the humanoid robotics sector

Until now, investors who wanted exposure had to settle for diversified tech giants or wait for private funding rounds they could not access. AGLT gives the market a pure-play benchmark, and every quarterly report will double as a referendum on whether humanoids can become a real business.

The key metrics to watch are straightforward. First, whether the Digit 5 orders convert as milestones are met. Second, whether RoboFab can move from small-batch builds toward its 10,000-unit annual capacity.

With 2025 revenue of $1.8 million against an expected nine-figure operating loss, the path to profitability runs directly through manufacturing efficiency and higher unit volumes.

The $2.5 billion pre-money valuation prices in a lot of future success.

Foxconn’s participation suggests at least some industrial players see humanoids as a manufacturing opportunity worth backing with real money.

For now, Agility has what most robotics startups lack: paying customers, tens of thousands of field hours, and a large milestone-dependent order book.