Agility Robotics valued at $2.5B as it goes public via SPAC

agility robotics plans to go public via a $2.5b spac merger with churchill capital corp xi, aiming to raise $620m in proceeds. the funds will support manufacturing of the digit v5, a bipedal robot already deployed by customers including amazon, gxo, and toyota, to fulfill $300m in existing orders. ceo peggy johnson positions humanoids as critical for resolving labor shortages and securing supply chain resilience. the ipo validates the commercial viability of ai-powered robotics in industrial environments.