Churchill Capital Corp XI
Churchill Capital Corp XI is a Michael Klein-backed SPAC that raised $414 million in its December 2025 Nasdaq IPO (CCXIU) and announced a $2.5 billion merger with Agility Robotics to create the first U.S.-listed pure-play publicly traded humanoid robotics company under ticker AGLT.
- Company typePublic
- Founded2025
- HeadquartersNew York, United States
- Headcount—
- GTM typeB2B
- OfferingServices
What Churchill Capital Corp XI does
Churchill Capital Corp XI is a Delaware-incorporated special purpose acquisition company (SPAC) founded by Michael Klein in 2025 and listed on Nasdaq under ticker CCXIU. The company completed an upsized IPO on December 18, 2025, raising $414 million in gross proceeds through the sale of 41.4 million units at $10.00 per unit, with Citigroup Global Markets acting as sole bookrunner. Each unit consists of one Class A ordinary share and one-tenth of a redeemable warrant exercisable at $11.50. The SPAC was formed for the purpose of effecting a merger, share exchange, asset acquisition, or similar business combination with one or more target businesses.
In June 2026, Churchill Capital Corp XI announced a definitive agreement to merge with Agility Robotics, an Oregon-based humanoid robotics company spun out of Oregon State University in 2015, at a $2.5 billion pre-money equity valuation. The transaction is expected to deliver over $620 million in gross proceeds to the combined entity, comprising $420 million from the SPAC trust account and a $200 million PIPE placement led by Foxconn with participation from Amazon, NVIDIA, and SoftBank Vision Fund 2. Upon closing (expected in 2026), the combined company will trade under ticker AGLT and become the first U.S.-listed pure-play publicly traded humanoid robotics company.
The post-merger business model centers on Agility's Digit bipedal humanoid robot, deployed for warehouse and logistics automation, with revenue generated from direct robot sales, Robotics-as-a-Service subscriptions, and multi-year contracted orders exceeding $300 million for the Digit v5 platform. Manufacturing is anchored by Foxconn at a Salem, Oregon factory with 10,000-unit annual capacity, while NVIDIA Halos safety software is integrated into Digit v5. Pre-merger, the SPAC generates no operational revenue; post-merger economics depend on production scaling, customer adoption (notably Amazon's warehouse deployments), and execution of contracted order backlog.
Churchill Capital Corp XI firmographics
Firmographics- Name
- Churchill Capital Corp XI
- Legal name
- Churchill Capital Corp XI
- Website
- https://churchillcapital9.com/
- Company type
- Public
- Founded year
- 2025
- Operating status
- Operating
- Short description
- Churchill Capital Corp XI is a Michael Klein-backed SPAC that raised $414 million in its December 2025 Nasdaq IPO (CCXIU) and announced a $2.5 billion merger with Agility Robotics to create the first U.S.-listed pure-play publicly traded humanoid robotics company under ticker AGLT.
- Ownership category
- akta.pro rank
Churchill Capital Corp XI industry classification
Industry- Product category
- Special Purpose Acquisition Company (SPAC)
- NAICS
- Other Financial Vehicles (52599), Other Financial Vehicles (525990), Other Investment Pools and Funds (5259)
- SIC
- Security Brokers, Dealers & Flotation Companies (6211)
- akta.pro primary industry
- Corporate Strategic Partnership & Ecosystem Investment Arms (FSANAHAF)
- akta.pro secondary industry
- Corporate Innovation & Technology Scouting Units (with investment mandate) (FSANAHAI)
Keywords
Where Churchill Capital Corp XI is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Churchill Capital Corp XI business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Personnel, Others
Revenue model
- Trust account returns / redemption rights: As a SPAC, Churchill Capital Corp XI raised capital by selling units at $10 per unit, placing gross proceeds in a trust account. SPAC units consist of one Class A ordinary share and a fraction of a redeemable warrant. Pre-merger, the SPAC has no operating revenue. Post-merger with Agility Robotics, the combined entity will generate revenue from robotics product sales, Robotics-as-a-Service subscriptions, and direct robot sales.
- Merger / business combination transaction fees: Upon closing the SPAC merger with Agility Robotics, gross proceeds of over $620 million are delivered to the target company, comprising $420 million from the SPAC trust account and $200 million from a PIPE placement led by Foxconn. The sponsor (Michael Klein) receives approximately 20% of the post-merger company plus warrants as consideration for structuring and consummating the transaction.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| One time/ perpetual license | Pay-as-you-go | SPAC unit at IPO |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels3 records
Churchill Capital Corp XI product offering
Product offeringCore offering
Churchill Capital Corp XI is a Special Purpose Acquisition Company (SPAC) formed to effect a merger, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company raised $414 million in its December 2025 IPO and has announced a definitive merger agreement with Agility Robotics at a $2.5 billion pre-money valuation, expected to close in 2026, creating the first U.S. publicly traded pure-play humanoid robotics company.
Product overview
Churchill Capital Corp XI is a Special Purpose Acquisition Company (SPAC) that completed a $414 million IPO in December 2025, trading on Nasdaq under ticker symbol CCXIU. The company was formed to acquire or merge with one or more businesses. In June 2026, the company announced a definitive merger agreement with Agility Robotics, a humanoid robotics company, at a $2.5 billion valuation. Upon closing, the combined entity will trade under ticker AGLT and become the first publicly traded pure-play humanoid robotics company in the United States.
Differentiator
Problem solved
Functional benefit
Products and services
- Churchill Capital Corp XI IPO Units
- Agility Robotics SPAC Merger
Companies that use Churchill Capital Corp XI
Customer profileNamed customers1 record
Segments1 record
Ideal customer profiles2 records
Churchill Capital Corp XI technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Churchill Capital Corp XI partnerships and signals
Strategic signalScale indicators4 records
Recent moves6 records
Expansion highlights5 records
Churchill Capital Corp XI competitors and assessment
Company assessmentPeers
Emerging players
- Figure AI: Well-capitalized humanoid robotics startup pursuing warehouse and general-purpose humanoid applications with Figure 01/02 platform. Directly comparable to Agility's Digit in target market, customer profile, and product category, and represents the most aggressive private competitor.
Direct peers
- Churchill Capital Corp IX: Direct peer SPAC under the same Michael Klein sponsor platform with comparable structure, IPO mechanics, and target-acquisition mandate. Operating from the same 640 Fifth Avenue, New York address and sharing sponsor economics, governance templates, and Citigroup bookrunner relationships.
- Churchill Capital Corp X: Sister SPAC under Michael Klein's Churchill Capital platform with identical structural and governance characteristics as Churchill XI. Same founder, same IPO mechanics, and same business-combination mandate, making it the closest direct comparable for SPAC-level analysis.
- Agility Robotics (target): Pre-merger operating target of Churchill XI; post-close it becomes the operating company. As the entity whose $2.5B pre-money valuation defines Churchill XI's equity value, it is the most directly relevant peer for forward-looking business analysis.
- Churchill Capital Corp XII: Latest entity in the Churchill Capital SPAC series from the same sponsor. Shares the Michael Klein platform economics, governance framework, and acquisition mandate, and is being managed contemporaneously with Churchill XI, providing a near-perfect structural peer.
Broad incumbents
- Tesla (Optimus): Tesla's Optimus humanoid robot program targets the same warehouse and manufacturing labor-automation market as Agility's Digit. While Tesla is a broad incumbent across EVs and energy, its humanoid initiative is a credible competitor with significant balance sheet, manufacturing infrastructure, and brand advantages.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat3 records
Key risks6 records
Key highlights6 records
Customer concentration
Churchill Capital Corp XI financial estimates
Financial estimateRevenue estimate
Valuation estimate
Churchill Capital Corp XI leadership team
Management profileNumber of profiles
Profiles1 record
Churchill Capital Corp XI funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Churchill Capital Corp XI M&A and investment
M&A and investmentM&A2 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Churchill Capital Corp XI
What does Churchill Capital Corp XI do?
Churchill Capital Corp XI is a Special Purpose Acquisition Company (SPAC) formed to effect a merger, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company raised $414 million in its December 2025 IPO and has announced a definitive merger agreement with Agility Robotics at a $2.5 billion pre-money valuation, expected to close in 2026, creating the first U.S. publicly traded pure-play humanoid robotics company.
Is Churchill Capital Corp XI a public or private company?
Churchill Capital Corp XI is a public company. It is classified as public and is currently operating.
When was Churchill Capital Corp XI founded?
Churchill Capital Corp XI was founded in 2025.
Where is Churchill Capital Corp XI based?
Churchill Capital Corp XI is headquartered in New York, United States, in the North America region.
How does Churchill Capital Corp XI make money?
Two revenue lines are on record. Trust account returns / redemption rights are the primary driver. The others are merger / business combination transaction fees.
Who are Churchill Capital Corp XI's main competitors?
Boston Dynamics is listed as a peer. Figure AI is listed as an emerging player. Direct peers are Churchill Capital Corp IX, Churchill Capital Corp X, Agility Robotics (target) and Churchill Capital Corp XII. Tesla (Optimus) is listed as a broad incumbent.
Does Churchill Capital Corp XI have an API?
No public API is recorded for Churchill Capital Corp XI.
What industry is Churchill Capital Corp XI in?
Churchill Capital Corp XI's product category is Special Purpose Acquisition Company (SPAC). Its primary akta.pro industry code is FSANAHAF, Corporate Strategic Partnership & Ecosystem Investment Arms, with a secondary code of FSANAHAI, Corporate Innovation & Technology Scouting Units (with investment mandate). Its NAICS code is 52599 and its SIC code is 6211.