The SPAC Sponsor Behind Lucid and Oklo Is Taking Agility Robotics Public on Nov. 5. Here's What Those 2 Stocks Did in Their First 90 Days.
The robotics stock could see wild swings after its public debut.
On November 5th, Agility Robotics is set to go public through a merger with Churchill Capital Corp XI (CCXI +8.23%). The company's stock will trade on the Nasdaq under the ticker symbol AGLT. Agility specializes in humanoid robots for warehouses, logistics centers, and manufacturing facilities. Their flagship product, Digit, is a bipedal robot capable of navigating various environments and handling heavy items.
Despite generating only $1.8 million in revenue in 2025, Agility has secured over $300 million in backlog, which it aims to convert into revenue. The company's ambitious growth projections include deploying 800 units by 2027, 7,000 units by 2030, and up to 25,000 units by 2035. To assess Agility's potential stock performance, let's examine the experiences of two other SPAC-backed companies: Lucid and Oklo.
Lucid, another Churchill Capital-backed company, developed high-end electric vehicles led by former Tesla chief vehicle engineer Peter Rawlinson. Lucid launched its first vehicle, the Air sedan, in 2021 and the Gravity SUV in 2024. The company initially attracted significant attention but significantly missed its delivery targets, with only 15,841 vehicles sold in 2025.
Lucid's stock plummeted to around $3.50, significantly below its IPO price of $252.40 per share. This stark contrast serves as a cautionary tale for Agility, highlighting the risks associated with high-growth projections.
Oklo, another Churchill Capital-backed company, focused on developing smaller and more scalable nuclear reactors. Led by former OpenAI CEO Sam Altman, Oklo aimed to deploy its first commercial reactors in 2027. However, the company struggled due to lack of revenue, mounting losses, and the distance from its first commercial reactor deployment.
Despite these challenges, Oklo's stock has rebounded to around $23, as it secured massive deals with major players like Switch, Meta Platforms, and Equinix. The company's success in securing contracts suggests Agility's stock may stabilize with tangible growth milestones, rather than solely relying on ambitious projections. As with Lucid, investors should exercise caution and wait for concrete results before investing in Agility Robotics.
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