Boston Dynamics IPO unlikely in near term as profitability and scale remain challenges

A senior executive at Hyundai Motor Group, which owns Boston Dynamics, told reporters that an initial public offering for the robotics unit is unlikely in the next year because the company has not yet achieved mass production of its Atlas humanoid robots and remains unprofitable. The executive declined to be named, emphasizing that market conditions must improve before any listing can be considered. Hyundai has not disclosed a specific timeline or target valuation, though it recently moved to buy SoftBank’s remaining 10 percent stake, a deal estimated at about 500 billion won.

Analysts note that Boston Dynamics’ market value could lie between 50 trillion and 100 trillion won, with some forecasting a possible IPO only in 2029 or 2030 after the firm gathers extensive operational data and scales production to 30,000 robots annually by 2028. The robot maker posted a 2025 loss of 528.4 billion won, with cumulative losses of nearly 1.7 trillion won since 2021. Hyundai’s broader robotics push has already lifted its own share price, but the lack of concrete deployment plans keeps investors cautious.