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The working humanoid goes public: Agility Robotics takes a $2.5bn SPAC deal, with Foxconn leading the money

Agility Robotics announced on 24 June 2026 that it will go public through a merger with Churchill Capital Corp XI, at a $2.5 billion pre-money equity value and more than $620 million in gross proceeds — $420 million from the SPAC's trust account and roughly $200 million of PIPE financing at $10 a share, led by Foxconn. The combined company is to trade as AGLT, with closing expected during 2026 subject to shareholder approval and regulatory clearance. What makes the filing unusual for this sector is that it contains operating history rather than promises. Agility disclosed four named customers in active deployment — Schaeffler, GXO, Toyota Motor Manufacturing Canada and Mercado Libre — across nine facilities, with more than 65,000 cumulative hours of robot operation and a pipeline of over 30 potential customers. In November 2025 a single GXO deployment in Flowery Branch passed 100,000 totes moved. The order book, however, points forward, not at the robot doing that work. More than $300 million in multi-year orders, subject to contractual milestones, is booked against Digit v5 — the next-generation machine Agility bills as the first "cooperatively safe" humanoid, and the first production platform for NVIDIA's Halos for Robotics safety stack. "Humanoids are at a meaningful inflection point in commercial adoption," said chief executive Peggy Johnson. Co-founder Jonathan Hurst put the thesis more narrowly: "Cooperative safety is the critical unlock for scaled humanoid adoption." Foxconn's presence at the head of the PIPE is the other half of that thesis — the contract manufacturer that builds iPhones is betting the next phase is volume production, not research.