China aimed a $137 billion state fund at AI and robots. Korea tripled its AI budget. The US still has no robotics strategy.
China's state venture fund is aimed at about $137 billion for AI, robotics and advanced manufacturing and Beijing added more than $20 billion in subsidies in six months. Korea already has the world's most automated factories and tripled its AI budget anyway. Washington's flagship robotics institute runs on about $30 million.
Unitree's $1.2 trillion IPO frenzy says China is winning the robot race. Here's the US stock trying to catch up (CCXI)
China's Unitree IPO was oversubscribed 8,288 times and the US is behind, so the money will come. Agility Robotics (CCXI) is the highest-upside US humanoid play, and here's how to weigh it against TSLA, NVDA and TER.
Millennium bought the Agility Robotics SPAC (CCXI) at $10 in December 2025. It had sold a third of the stake by the time the stock hit $17.45.
Millennium Management's stake in Churchill Capital Corp XI (CCXI), the SPAC merging with humanoid robot maker Agility Robotics, is down to 1,490,636 shares from 2,224,879, according to a Schedule 13G/A filed July 31. The fund now reports 3.6% of the class, below the 5% line. BlueCrest disclosed a new 5.6% stake two days after the deal was announced.
The FCC moved to ban Chinese robots. Agility Robotics (CCXI) rose 12% in half an hour while the humanoid ETF (KOID) fell.
The FCC moved July 28 to bar new Chinese humanoid and quadruped robots, plus connected power inverters, from the US market. Four small robotics names did all the moving: RoboStrategy (BOT) closed up 17.6% and Churchill Capital XI (CCXI) rose 12.3% in the half hour after the headline. Teradyne then jumped after hours on earnings. The robotics ETFs closed lower.
RoboStrategy (BOT) holds pieces of Figure AI and Apptronik. It just registered shares tied to a $2 billion stock deal, eight times its own size.
RoboStrategy trades on Nasdaq as BOT and holds private stakes in Figure AI, Apptronik and 12 other robotics startups. Two months after its IPO, it can now sell $2 billion in new shares, about eight times the fund's current size. Here's how the deal works and what it means for existing shareholders.
What is a SPAC? DraftKings, Lucid and the Agility Robotics deal (CCXI), explained
A SPAC skips the normal IPO process by merging a private company into an already-public shell. Here is how that actually works, and what happened to the famous ones, from DraftKings to Lucid to the Agility Robotics deal (CCXI) moving through the pipeline right now.
Hedge fund Point72 disclosed a stake in Freenome's SPAC merger, days before the vote got delayed (PCSC)
Point72's Steve Cohen disclosed a 5.7% stake in the SPAC merging with cancer-detection startup Freenome, right as the shareholder vote to close the deal got pushed back a week.
Bullish Watch, week of July 6: four oversold names, and one that already bounced
This week's Bullish Watch: CleanSpark (CLSK), Nokia (NOK), Teradyne (TER), and Ondas (ONDS) are oversold; AeroVironment (AVAV) already bounced on a beat-and-raise plus a fresh Army contract.
Agility Robotics (CCXI) trades 66% above the price its own insiders are paying. Nobody outside the deal has seen the financials.
CCXI closed at $16.62 against the $10 price Foxconn and Agility's existing backers are paying to take the humanoid robot maker public as AGLT. What the filings show about the deal, Digit's unit economics, and the six funds that bought at $10.
Which robot stocks can you actually buy? Tesla (TSLA) and Nvidia (NVDA) are on the list. Figure, Apptronik and Unitree are not.
Physical AI is the next leg of the AI trade, but the famous humanoid makers are mostly still private. Here is what is actually listed, what each company builds, and where the risk sits, updated with Goldman's revised 2035 forecast and prices as of September 1, 2026.