Agility Robotics began trading on the Nasdaq on Nov. 5 under the ticker AGLT after merging with Churchill Capital Corp XI, a special-purpose acquisition company that raised about $465 million. The transaction made Agility the first humanoid-focused company to go public in the United States and gave CEO Peggy Johnson capital to expand production and deployment of Digit, its two-legged warehouse and factory robot. Shares closed Friday at $9.90, nearly 14% below Thursday's close amid market volatility following the midterm elections. Agility remains an early-stage business: it reported $1.8 million in revenue and a $138.1 million net loss last year, while its robots operate at nine customer facilities, including Amazon, Toyota and GXO. The company has disclosed more than $300 million in orders for 1,000 robots from a single customer with financial ties to Agility. Johnson is competing against Figure AI, recently valued at $39 billion, Apptronik, valued at roughly $5.5 billion, and Tesla's Optimus program. Agility's filings estimate that Digit 5 will initially require $150,000 in materials, falling to $75,000 at annual production of 1,000 robots and $30,000 at 10,000. Its robot-as-a-service model assumes a five-year useful life and cost recovery in roughly 18 months, making production scale and lower costs central to the investment case. Johnson is focused first on industrial customers, supported by a new 60,000-square-foot engineering facility in Fremont, California, and 65,000 hours of commercial operating data. She does not expect humanoid robots to enter homes within the next five years and is instead relying on labor shortages, including an estimated 1.9 million unfilled US manufacturing jobs by 2033, to drive demand. She said Agility has 30 qualified prospective customers in its pipeline.