Agility’s $465 Million SPAC Deal Creates First Pure Humanoid Robot Stock

Summary

As of November 5, 2026, Agility, an Oregon State University spinout founded in 2015, plans to become the stock market’s first pure humanoid robot company through a SPAC reverse merger, raising $465 million from retail investors and private funding. The move rebuts Figure AI CEO Brett Adcock’s year-old prediction of bankruptcy within 12 months. CEO Peggy Johnson has prioritized repetitive industrial jobs over showy dancing or backflips.

Nine customers, including Schaeffler, GXO, Toyota Motor Manufacturing Canada and Mercado Libre, use a handful of Digit robots to move heavy totes; Digit has handled more than 100,000 at one GXO facility. Though slower than humanoids from Figure, Tesla, 1X and Boston Dynamics, Digit performs paid work. Agility recorded only $174,000 in revenue, mostly from related parties, and a $362 million loss in 2026’s first six months.

Digit 5 has $300 million in planned contracts from 30 undisclosed customers, but closing them requires undisclosed throughput, uptime and placement accuracy targets. Designed to work safely around people, it will debut at CES 2027 and become widely available by year-end. Agility claims $100,000 in annual savings under robot as a service, with more for outright purchases, depending on accuracy, recharging and maintenance. Prospects pay $500,000 for an onsite proof of concept; four had signed by May 2026. Digit repeatedly lifts 50 pounds and places heavy loads with 98% accuracy but lacks complex manipulation. Agility says 65,000 hours of operational data aid training where video, teleoperation, simulation and multimodal transformers have not delivered reliable general autonomy. The raise covers current needs but may not secure self-sufficiency; production targets remain undisclosed despite annual capacity for 10,000 robots. Cofounder and CTO Johnathan Hurst sees expansion into picking, kitting, cardboard and trailers as a route to 100 million robots and a $1 trillion company.