Boston Dynamics pushes IPO past 2027 as Atlas robot stays in the red
A senior Hyundai Motor Group official has confirmed that Boston Dynamics will not go public in 2027, per Reuters.
The official stated that the company’s flagship product, Atlas humanoid, still has no large-scale commercial deployment and the unit keeps losing money.
Will Boston Dynamics go public soon?
Hyundai Motor Group (KS: 005380) has confirmed that its robotics business, Boston Dynamics, will not go public in 2027. A filing from Hyundai Glovis, which owns an 11.25% stake in the company, revealed a loss of 528.4 billion won throughout 2025.
The company’s decline from 2021 through 2025 adds up to roughly 1.7 trillion won ($1.4 billion).
Meritz Securities analyst Kim Joon-sung has said that Hyundai needs to build a real track record and sharpen the robots’ capabilities before selling them at scale. He also said he expects the IPO debut in 2029 or 2030, but Hyundai itself has declined to name a date or a target valuation.
Analysts, for instance, Kim Hyun-su, a principal investment manager at IBK Asset Management in Seoul, are skeptical that Hyundai can reach its production target of building annual factory capacity for 30,000 Atlas humanoids a year by 2028.
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