Agility Robotics is going public via SPAC at a $2.5 billion valuation and the deal is more credible than most

Agility Robotics is merging with Churchill Capital Corp XI in a $2.5 billion SPAC deal backed by over $600 million in gross proceeds, including a Foxconn-led PIPE. Unlike the SPAC disasters of 2021, Agility enters the public markets with Digit robots already moving more than 100,000 totes commercially at GXO, Amazon, and Toyota, making this one of the more credible physical-AI IPOs yet attempted.