'Digit' maker Agility Robotics to go public in $2.5B deal
Agility Robotics, maker of the humanoid robot Digit, announced plans to go public through a merger with a special purpose acquisition company (SPAC) at a valuation of $2.5 billion. The deal is expected to provide the company with fresh capital to scale production of its walking robots designed for warehouse and logistics work.
Background
- Agility Robotics builds **Digit**, a bipedal humanoid robot for warehouse work (unloading trailers, moving boxes). Unlike robot arms, Digit walks on two legs and navigates human-built spaces.
- Agility is going public via a **SPAC merger** (a faster alternative to a traditional IPO) with blank-check firm Stratos, valuing the company at $2.5 billion.
- Humanoid robots are a hot sector: Tesla (Optimus), Figure AI, and Boston Dynamics are all racing to build general-purpose labor robots. Agility was one of the first to sell a commercial humanoid — Digit is being tested by Amazon, FedEx, and GXO Logistics.
- The filings show Agility projected ~$35M revenue in 2025 with ~$46M in losses — typical for a pre-revenue hardware company. The SPAC deal injects ~$400–500M to scale manufacturing at its "RoboFab" factory in Oregon.
- If it closes, Agility would be one of the first humanoid-robot pure plays on a public exchange — a bellwether for whether investors see humanoid labor as a real near-term business or a long-shot bet.