GM. This is Milk Road AI, the newsletter that's investing in things with two legs and no heartbeat.
Until now, there wasn't a pure way to invest in humanoid robotics. That's changed and one of our analysts has already made his move.
Speaking of giving agents the one thing they're missing, that's where today's partner Circle comes in.
Your agent can code, browse, and find the best deals — but it’s flat broke. Circle Agent Stack is a programmable money layer for the agentic economy that lets agents hold USDC, discover and pay for services, and get paid.
OUR FIRST PURE-PLAY HUMANOID ROBOT STOCK 🤖
Until now, there wasn't a clean way to invest directly in humanoid robots.
Your best options were companies like NVIDIA or Amazon but robots are only a tiny part of those businesses.
NVIDIA is a chip company. Amazon is a commerce and cloud company. You were getting humanoid upside the way you get guacamole on the side.
But that's about to change with CCXI.
Churchill Capital Corp XI (CCXI) is merging with Agility Robotics in a deal that values Agility at $2.5B. Once the merger closes, CCXI shareholders will own Agility.
Agility Robotics is the company that’s deploying robots across the world.
Agility builds Digit, a bipedal humanoid robot designed for warehouse and logistics work. It's the first humanoid robot to operate in live commercial environments at scale.
Source: Agility Robotics (Digit)
The operational numbers for Digit are impressive:
- 65,000+ operational hours.
- 100,000+ totes moved at customer sites.
- $300M+ in binding orders for Digit V5.
And they’ve got backing from some serious names:
- Amazon, Toyota, and Schaeffler are active customers.
- Amazon, NVIDIA, SoftBank Vision Fund 2 and Foxconn are all in as both investors and commercial partners.
Industrial humanoid robots in logistics alone are projected to hit $326B by 2034. And Agility is the only company in that market already generating commercial revenue from robots actually deployed at actual customer sites.
Everyone else is still in the demo phase.
And now here come the risks with Agility:
- Burned roughly $100M in cash during 2025.
- Operating expenses reached $111M.
- Revenue hasn't been publicly disclosed.
Agility is still an early-stage company but for the first time, public investors have a way to get direct exposure through CCXI.
Our analyst Melvin started buying CCXI last week.
His view is simple:
Humanoid robotics could become one of the biggest AI application layers over the next decade, but the winners won't be built overnight. It's an early bet on a market that may take years to mature.
Melvin previously called Micron (MU), Credo (CRDO) and Nebius (NBIS) before their major runs.
Don’t miss his next call, try Milk Road PRO for just a buck!
THE FIRST FINANCIAL STACK BUILT FOR AGENTS
Your AI agent can browse the web, write code, and schedule your meetings.
Hand it a bill, though? Uh-oh spaghetti-o.
Until now, money was the missing piece. Circle Agent Stack fixes that.
Circle Agent Stack is the financial-infrastructure layer built specifically for autonomous agents:
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Agents are evolving from assistants into economic actors. The agents that run on purpose-built financial infrastructure will be the ones that actually work.
