Agility goes public via SPAC with $465 million, while its robots remain early-stage
The listing brings capital and a large planned order book, but revenue is still minimal and the filing itself warns humanoid robots are unproven at scale.
Agility, a humanoid robot maker spun out of Oregon State University, is going public via a SPAC merger that brings in $465 million in new capital from retail and private investors. Its Digit robots currently do industrial tote-moving work for nine customers, but it booked only $174,000 in revenue in the first half of 2026 against a $362 million loss. The company has $300 million in planned contracts from 30 customers for its next model, Digit 5, which is expected to be shown at CES 2027 and widely available by the end of that year. Investors will watch whether Digit 5 meets undisclosed targets for throughput, uptime and placement accuracy and whether Agility can win new customers quickly. Its listing has also drawn scrutiny because the filing openly says humanoid robots have not yet proven themselves at scale.
Why it matters
For investors and the wider market, the listing tests whether humanoid robots can move from pilot work to real commercial volume. Agility reported only $174,000 in revenue against a $362 million loss in the first half of 2026, so its valuation rests on future orders rather than current sales. The filing's own admission that humanoid robots have not proven themselves at scale means the outcome depends on whether Digit 5 delivers and whether new customers follow.
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