Agility Robotics Plans $2.5 Billion Public Listing Via SPAC

Agility Robotics announced on June 24 that it has entered a definitive business combination agreement with Churchill Capital Corp XI (NASDAQ: CCXI), a move that would take the humanoid robotics startup public at a $2.5 billion pre-money equity valuation.

The deal is expected to raise more than $620 million: $420 million from Churchill’s trust account and $200 million in PIPE financing at $10 per share. The combined company will trade under the ticker AGLT on a major North American exchange, pending shareholder and regulatory approvals.

What Agility Builds

Founded in 2015 out of Oregon State University, Agility makes Digit — a bipedal, AI-enabled humanoid robot designed for manufacturing, distribution, and logistics work. The company says Digit is the world’s first “cooperatively safe” humanoid, built to operate beside humans in live warehouse environments. Its fleet has accumulated more than 65,000 operational hours across nine customer facilities.

Current customers include Schaeffler, GXO, Toyota Motor Manufacturing Canada, and Mercado Libre. The company reports more than $300 million in multi-year contracted orders for its forthcoming Digit v5 model, with a pipeline of over 30 potential customers. Agility’s management estimates the addressable market across its target sectors at $1 trillion.

Why It Matters

The deal comes as humanoid robotics moves from laboratory demonstrations to scaled commercial deployment. Investors including Amazon, Nvidia, SoftBank Vision Fund 2, and Foxconn are among Agility’s backers, signaling broad industry confidence in the sector. A successful public listing would give Agility the capital to accelerate Digit v5 production and expand to new facilities.

“Humanoid robots are poised to become a critical driver of productivity, supply chain resilience, and American technology leadership,” CEO Peggy Johnson said in the announcement.

The transaction is expected to close in 2026, subject to Churchill shareholder approval, SEC review of the registration statement on Form S-4, and exchange listing requirements.