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The Brain — Humanoid Platforms & AI Models · The Embodied Stack — Robotics

FIG.PVT

Figure AI (Watchlist)
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$39B private valuation as of Feb 2025 — IPO chatter for 2026/2027

What they do

Not yet investable directly — but on every "secondary market" watchlist. If they file an S-1 in late 2026 or 2027, this becomes the most-anticipated robotics IPO ever. For now, the play is owning Figure indirectly through Microsoft (data center anchor), NVIDIA (compute supplier), and the gear-reducer / motor / sensor names listed above.