Boston Dynamics IPO: How to Invest, Revenue, Investors & Valuation

What does Boston Dynamics actually do?

Boston Dynamics was founded in 1992 as a spin-off from the Massachusetts Institute of Technology (MIT). It is an engineering company focused on robotics, specialising in machines that replicate the movement of humans and animals. In practice, this often means robots with legs, which can go wherever people can, making them useful on difficult terrain or in unsafe environments.

Over the years, the company has built several specialist robots and changed hands three times: it was bought by Alphabet (Google) in 2013, by SoftBank in 2017 and by Hyundai Motor Group in 2021. In July 2026, Hyundai agreed to buy SoftBank’s remaining stake, making Boston Dynamics a wholly owned part of the Hyundai group.

Today, Boston Dynamics sells three main robots: Spot, a four-legged robot used for industrial inspection, Stretch, a warehouse robot that unloads boxes, and Atlas, an electric humanoid robot designed for factory work, whose production version was unveiled at CES in January 2026.

Boston Dynamics key company facts

Boston Dynamics company statistics

Below is a breakdown of some key figures, including Boston Dynamics’s revenue, losses, estimated value, robot models and competitors. Since Boston Dynamics is privately owned, it does not publish full financial statements. Most figures come from the filings of its Korean shareholders or from media and analyst estimates.

Boston Dynamics revenue and losses

Boston Dynamics has been loss-making every year for which figures are available, as it invests heavily in research and development. According to the Korea Herald, based on the business reports of Hyundai Motor, Hyundai Mobis and Hyundai Glovis, its net loss grew from 197 billion won in 2021 to 335 billion won in 2023.

Boston Dynamics valuation

The gap between these figures is huge. The price Hyundai paid SoftBank in July 2026 was fixed back in 2021, so it says little about what the company would be worth today. Market and analyst estimates after the Atlas launch are much higher, but they depend on assumptions about how many humanoid robots Boston Dynamics will sell years from now. Until the company lists or raises money from outside investors, there is no market price.

Boston Dynamics models

Current and past robot models developed by Boston Dynamics include:

• Atlas (current): an electric humanoid robot for industrial work. Hyundai plans to build a factory in Georgia, US, with capacity for up to 30,000 robots a year from 2028, and to deploy Atlas in its own plants, starting with logistics and welding tasks;
• Spot (current): a four-legged robot used for inspections and data collection in industrial sites;
• Stretch (current): a mobile robot that unloads boxes from trucks and containers in warehouses;
• Past and research robots: the original hydraulic Atlas, BigDog, Handle, WildCat, LS3, SandFlea and RHex.

Boston Dynamics’s competitors

Competition has grown fast, especially in humanoid robots. Some of Boston Dynamics’s main competitors are:

• Humanoid robots: Tesla (Optimus), Figure AI, Agility Robotics, Apptronik, 1X, Unitree Robotics and UBTech;
• Legged inspection robots: ANYbotics, Unitree Robotics and Ghost Robotics;
• Warehouse and logistics robots: Amazon Robotics, Dexterity, Symbotic and Mujin.

Some of these, such as Tesla and UBTech, are already listed, which makes them an alternative way to invest in the robotics theme.

Who owns Boston Dynamics?

Boston Dynamics is owned by Hyundai Motor Group. In 2021, Hyundai Motor, Hyundai Mobis and Hyundai Glovis bought about 60% of the company from SoftBank, and Hyundai Motor Group Executive Chair Euisun Chung bought another 20% personally. SoftBank kept the rest.

The 2021 deal gave SoftBank the right to sell its remaining shares back to Hyundai if Boston Dynamics was not listed within a set period. SoftBank exercised that option, and in July 2026 Hyundai Motor Group announced it would buy SoftBank’s remaining stake of about 10% for around $325 million. Once completed, Boston Dynamics becomes wholly owned by Hyundai Motor Group and Chung.

Among the listed companies, Hyundai Glovis is the only one in South Korea that holds a direct stake in Boston Dynamics, which is why its shares have been particularly sensitive to Boston Dynamics news.

When is the Boston Dynamics IPO?

There is no confirmed date for a Boston Dynamics IPO. When Hyundai bought control in 2021, it committed to taking the company public within four years. That deadline passed in June 2025 without a listing.

After Atlas made its debut at CES in January 2026, Korean media and analysts widely reported that Hyundai was preparing a Nasdaq listing, possibly in early 2027, and that it could help fund both Atlas production and a restructuring of the group’s ownership. However, Hyundai has repeatedly said that no IPO plans have been confirmed. Instead of listing the company to settle SoftBank’s stake, it chose to buy SoftBank out in July 2026.

With full ownership, Hyundai can now decide on the timing of an IPO without an outside shareholder pushing for a deal. New Korean rules on listing subsidiaries abroad also add steps to any future Nasdaq listing. An IPO could still come in the next few years, especially if Atlas deployments go well and investor appetite for humanoid robots stays strong, but for now it remains speculation.

How to invest in Boston Dynamics before an IPO

You cannot buy Boston Dynamics shares directly today. The only way to get some exposure is to invest in the listed companies of Hyundai Motor Group that own part of it, all traded on the Korea Exchange:

• Hyundai Motor (005380): Hyundai’s main carmaker and one of Boston Dynamics’s owners;
• Hyundai Mobis (012330): the group’s parts maker, also a shareholder;
• Hyundai Glovis (086280): the group’s logistics company and the only listed Korean company with a direct stake in Boston Dynamics;
• Kia (000270): also part of the group consortium that owns Boston Dynamics.

Keep in mind that Boston Dynamics is only a small part of the value of these large companies, so their share prices depend mostly on their main businesses. Korean shares are also not available at every broker, so check whether yours offers access to the Korea Exchange.

How to invest and buy shares after the Boston Dynamics IPO

If Boston Dynamics goes public, you will be able to buy its shares on the stock exchange through a broker. Interactive Brokers and eToro are two top-rated brokers where you can buy US-listed stocks with low fees. Here is how each works:

1# Interactive Brokers

Founded in 1978, Interactive Brokers gives you access to over 150 markets in more than 30 countries, with stocks, bonds, ETFs, forex, funds, commodities, options and futures in one account.

If you want to buy Boston Dynamics stock after an IPO, here is how you can do it with Interactive Brokers:

1. Open a trading account with Interactive Brokers;
2. Deposit funds into your account;
3. Once the shares are listed, search for Boston Dynamics (there is no ticker yet);
4. Choose the order type you want to use (for example, market or limit);
5. Once you have bought your shares, keep track of how they perform.

If you would like to learn more about the IBKR platform, check out our full Interactive Brokers review.

2# eToro

Founded in 2007, eToro now has over 40 million registered users worldwide. It is best known for its social and copy trading features, and lets you invest in stocks, ETFs and crypto, as well as trade CFDs.

If you are planning to buy Boston Dynamics stock after an IPO, here is how you can do it with eToro:

1. Open an account with eToro;
2. Search for Boston Dynamics once it is listed and select “Trade”;
3. Choose how much you want to invest or how many shares you want to buy;
4. Make sure leverage is set to x1, so that you buy the real share and not a leveraged CFD;
5. Optionally, set a take-profit or stop-loss level;
6. Finally, tap “Open Trade”.

If you would like to learn more about eToro, check out our in-depth eToro review.

Bottom line on investing in the Boston Dynamics IPO

A Boston Dynamics IPO has not been announced, and after buying out SoftBank in July 2026, Hyundai no longer has a contractual reason to rush it. Still, the company is likely to go public at some stage, and it would offer a way to invest in one of the best-known names in robotics, just as humanoid robots move from research labs to factories.

The opportunity comes with risks. Boston Dynamics has been loss-making for years, faces growing competition from Tesla, Figure AI, Unitree and others, and most of its valuation depends on how quickly Atlas can be produced and deployed at scale. There has even been resistance from Hyundai workers to the deployment of humanoid robots in its plants.

Until an IPO happens, the only indirect exposure is through listed Hyundai group companies. If you want to invest in the robotics theme more broadly, listed robotics companies or robotics ETFs can also be an alternative.