Boston Dynamics IPO unlikely in 2027 as Atlas scale-up continues
A senior Hyundai Motor Group executive said Boston Dynamics is unlikely to pursue an IPO in 2027 while Atlas remains short of scaled deployment and the business remains unprofitable.
Evidence notes
- Boston Dynamics recorded a KRW 528.4 billion loss in 2025, while cumulative losses from 2021 through 2025 reached nearly KRW 1.7 trillion.
- Atlas has not yet been deployed at scale; Hyundai plans to begin deployment at its Georgia vehicle plant in 2028.
- Hyundai’s existing target is manufacturing capacity of 30,000 robots annually by 2028, which remains a forward-looking capacity goal rather than achieved output.
Company overview
Boston Dynamics builds high-performance mobile robots including Spot for industrial and field inspection, Stretch for warehouse trailer unloading, and Atlas for advanced humanoid mobility.