Agility Robotics humanoid robot IPO

Agility Robotics debuted on the Nasdaq on November 5, 2026, becoming the first dedicated humanoid robot developer to go public in the United States. The company went public through a SPAC merger at a $2.5 billion valuation and reports $300 million in orders, all from a single undisclosed customer. Its securities filing acknowledges that humanoid robots are unproven at scale compared to industrial robots with decades of track records. Agility's business model centers on renting or selling humanoid robots at rates comparable to human labor costs, which the company says gives customers immediate return on investment. Its latest model, Digit 5, is designed to work near people and could receive third-party certification next year, though the company's chief robot officer wrote that Digit 5 'feels more like a forklift than the graceful humanoid I set out to build.' Humanoid robots currently cannot operate in factories without physical barriers because insurers will not cover them without third-party certification.