CThe first pure-play humanoid robot company is about to hit the public markets.
MA robot company going public? Which one?
CAgility Robotics — the Digit maker. They're merging with a SPAC called Churchill Capital Corp Eleven.
MA SPAC. Of course it's a SPAC.
CI know, I know. But this one's actually interesting. Two and a half billion dollar valuation.
MAnd what does that buy you? A robot that walks around a warehouse?
CDigit's logged about sixty-five thousand hours across nine customer facilities. Toyota, GXO — real names.
MSixty-five thousand hours. That's... actually not nothing.
CAnd they're booking orders. Over three hundred million in multi-year deals, tied to about a thousand robots.
MBut here's the catch — those orders are for a version of Digit that's still in development.
CRight. And a big chunk of that value is one three-year contract with milestones attached.
MSo the revenue isn't real yet. It's a promise.
CIt's a promise with a robot that's already working in warehouses. That's more than most of these companies can say.
MFair. But compare the valuations. Figure AI is private at thirty-nine billion. Apptronik over five billion.
CAnd Agility's going public at two and a half. That's a massive discount.
MWhich tells you the private market has been... optimistic.
COr it tells you the public market is finally going to get a reality check on this whole sector!
MThat's exactly my point. The first audited financials for a humanoid robot company. Everyone's going to see the real numbers.
CAnd I think that's good. Sunlight is the best disinfectant.
MBut here's what worries me — if Agility's numbers look weak, the whole sector takes a hit. Even the good ones.
COr it separates the real companies from the hype machines. Tesla still hasn't shown a verified production Optimus unit, as far as we've seen.
MMusk says Optimus will be eighty percent of Tesla's value eventually.
CEventually. The most expensive word in tech.
MAgility's actually deployed robots. That's the difference.
CSo you're bullish on the SPAC?
MI'm not saying buy anything. I'm saying the numbers will tell us more than the hype ever could.
CAnd that's worth paying attention to. The filing names Tesla, Figure, Boston Dynamics, Apptronik as rivals.
MThe whole field, in one document. It's like a map of the robot wars.
CSpeaking of maps — there's a job posting from the University of Michigan that caught my eye.
MA job posting? On a tech show?
CIt's for their Edtech Accelerator team. They want someone to bring AI, XR, and emerging tech into the Michigan Online ecosystem.
MSo universities are now hiring specifically for AI and extended reality in education.
CThat's the quiet signal. When the job titles change, the industry's already shifted.
MI saw a post from someone saying AI is great for parsing long articles, getting a summary, then deciding whether to drill down.
CThat's... actually a reasonable take. Not everything needs to be a hot take.
MIt's the boring, useful version of AI. The one that actually works.
CUnlike the AI agents that supposedly reacted live to P&G earnings.
MOh, I saw that. Some account claiming their AI agents reacted the second the numbers dropped.
CP&G's numbers — EPS two dollars versus one ninety-four expected. Revenue slightly under.
MBut here's the thing — I couldn't independently confirm those figures. The account's claim is unverified.
CSo we've got AI agents reacting to numbers we can't even verify. Peak 2026.
MThe AI is fast. The facts are slow.
CAnd then there's the Anunnaki Crown inviting Tesla, Figure, Boston Dynamics to collaborate.
MThe what now?
CSome account called the Anunnaki Crown — ASIG Parliament. They want to explore collaboration through UUCGA, CAIA, and AIIOS.
MThat's a lot of acronyms for what sounds like... a very optimistic invitation.
CIt's directed at Elon Musk. Because of course it is.
MI'm going to say the robot companies have bigger things on their plate than the Anunnaki Crown.
CLike going public and proving they're not just hype.
MWhich brings us back to Agility. The first real test.
CAnd I, for one, am glad we're finally getting some actual numbers.
MEven if they come wrapped in a SPAC.
CEspecially if they come wrapped in a SPAC.