Physical AI Capital Surges, From Unitree to 1X

Unitree’s reported 460% Shanghai IPO surge highlights intense investor appetite for humanoid robotics and China’s manufacturing advantage. SoftBank is reportedly weighing a majority stake in OpenAI-backed 1X at a $6B valuation, while Corvus Robotics’ $20M round shows near-term commercial traction is also emerging in specialized warehouse robotics. Supply-chain dependence, delivery evidence, and regulatory risk remain open questions.