Agility Robotics to Go Public in $2.5B SPAC Deal
Agility Robotics will list via a Churchill Capital Corp XI SPAC merger at a $2.5B valuation, taking its Digit warehouse humanoid to public markets.
Agility Robotics has agreed to go public through a merger with the special-purpose acquisition company Churchill Capital Corp XI, at a pre-money equity value of $2.5 billion. The Oregon-based maker of the Digit warehouse humanoid says the deal is expected to generate more than $620 million in gross proceeds, including roughly $200 million from a PIPE round led by Foxconn, and to close later this year under the ticker AGLT. It makes Agility one of the first pure-play humanoid-robot builders to take that path to public markets, arriving within days of a separate multi-hundred-million-dollar round for a Chinese wheeled-humanoid rival, AI² Robotics, underlining how fast capital is moving into industrial humanoids in mid-2026.
The deal terms
Under the agreement, announced June 24 and covered in trade press through early July, Agility Robotics will combine with Churchill Capital Corp XI at a pre-money equity valuation of $2.5 billion. Agility expects the transaction to deliver more than $620 million in gross proceeds to the combined company, made up of cash held in the SPAC’s trust account plus a private investment in public equity (PIPE) financing of approximately $200 million. Foxconn is leading that PIPE round, joined by a mix of existing and new institutional investors. Once the merger closes, the combined entity is expected to operate under the Agility name and trade on a major North American exchange under the ticker symbol AGLT.
The boards of both Agility Robotics and Churchill Capital Corp XI have unanimously approved the transaction. Closing is expected later this year, subject to shareholder approval, regulatory review, and other customary conditions typical of SPAC mergers, meaning the deal is not yet final and the timeline could shift as those steps play out.
What Digit does, and where it already works
Agility’s product is Digit, a bipedal humanoid robot built specifically for manufacturing, distribution and logistics environments rather than domestic use. The company names four commercial customers running Digit today: Schaeffler, GXO, Toyota Motor Manufacturing Canada, and Mercado Libre. Agility says Digit has accumulated more than 65,000 hours of operation across nine customer facilities, a figure the company reports itself and one that has not been independently audited.
Behind Digit sits what Agility calls its physical-AI platform, a stack combining perception, reasoning and motion that the company says has been trained using data collected from those same commercial deployments. Agility is now taking orders for a next-generation version, Digit v5, which the company describes as intended to become “the world’s first AI-enabled cooperatively safe humanoid robot,” a positioning statement aimed at letting robots and people share the same floor space safely. That is Agility’s own marketing framing rather than an independently verified safety certification, and it should be read as such until third parties weigh in.
On the commercial side, Agility says it has already secured more than $300 million in multi-year orders for Digit v5, subject to contractual milestones being met, and points to a customer pipeline of more than 30 companies. To fill that pipeline, the company has built RoboFab, a dedicated manufacturing facility designed to produce up to 10,000 humanoid robots a year, paired with a cloud-based fleet-management platform called Agility Arc for deploying and monitoring robots once they are on-site. Agility also says approximately 75% of Digit’s components are sourced within the United States, a company-reported figure relevant to buyers weighing supply-chain exposure but again not independently verified.
Public markets, industrial framing
TechCrunch’s coverage of the announcement notes that Agility’s leadership has been careful to separate this listing from the consumer-humanoid narrative that has driven some competitors’ valuations: the company is not promising a robot in anyone’s home in the near term, and its public pitch to investors rests on material-handling and warehouse deployments rather than domestic robotics. That framing matters for how the stock is likely to be read once it starts trading, since it positions Agility’s near-term revenue case around logistics operators like GXO and Mercado Libre rather than a speculative consumer market.
Taking a humanoid-robot maker public via SPAC also gives retail and institutional investors a direct, tradable way to bet on industrial humanoids specifically, rather than through a diversified robotics ETF or a stake in a larger conglomerate that happens to have a humanoid program. Agility becomes one of the first companies to offer that exposure in pure form, which is likely to draw scrutiny of Digit’s unit economics and deployment pace once quarterly filings begin.
Sources
- Agility Robotics to go public through $2.5 billion SPAC merger — Robotics & Automation News, Jul 7, 2026
- Agility Robotics to go public through merger with Churchill Capital Corp XI — Agility Robotics, Jun 24, 2026
- This humanoid robotics company is going public, but its CEO isn't promising a robot in your home anytime soon — TechCrunch, Jul 5, 2026
Frequently asked questions
What did Agility Robotics actually announce? +
Agility Robotics agreed to go public by merging with Churchill Capital Corp XI, a special-purpose acquisition company (SPAC), at a pre-money equity value of $2.5 billion. Once the deal closes, the combined company is expected to trade on a major North American stock exchange under the ticker AGLT.
How much money does the deal actually raise for Agility? +
Agility says the transaction is expected to generate more than $620 million in gross proceeds. That includes roughly $200 million from a private investment in public equity (PIPE) round led by Foxconn, alongside existing and new institutional investors.
What is Digit, and who is using it today? +
Digit is Agility's bipedal humanoid robot, built for manufacturing, distribution and logistics work. Agility names Schaeffler, GXO, Toyota Motor Manufacturing Canada and Mercado Libre as commercial customers, and says Digit has logged more than 65,000 operating hours across nine customer facilities, a company figure, not an independently audited one.
When does the deal close, and does this mean humanoids are coming to homes soon? +
The boards of both companies have unanimously approved the merger, which is expected to close later this year subject to shareholder approval, regulatory review and other customary conditions. Agility's leadership has publicly framed Digit around industrial and logistics work rather than near-term home use, distinguishing this listing from the consumer-humanoid narrative pushed by some other companies.
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