Unitree, famous for its dancing robots, surges by 460% on its trading debut, lifting valuation to $66 billion, far ahead of U.S. competitors

Fortune · 50

Unitree, a Chinese humanoid robot maker, surged 460% on its Shanghai IPO debut, reaching a $66 billion valuation and exceeding Figure AI's $39 billion valuation. The company raised $900 million at a $9 billion initial valuation and reported $252 million in 2025 revenue with $89 million in profit. Unitree now faces a U.S. ban on foreign robots that will cut off 18% of its revenue, though the restriction may also hamper American robotics startups seeking affordable components.