1X Technologies: SoftBank's $6B Bet On Home Robots
A casual-investor deep dive on 1X Technologies, the Norwegian-American humanoid robot maker building NEO, a $20,000 home robot designed to fold laundry, load the dishwasher, and handle chores — a full-stack humanoid, like Figure AI and Tesla's Optimus, but aimed at houses instead of factories. The hook: SoftBank is reportedly in talks for a controlling stake at a $6 billion valuation, the latest move in Masayoshi Son's "brains and bodies" robotics buying spree that already includes a $5.4 billion acquisition of ABB's robotics division and a $1.4 billion anchor investment in Skild AI.
The bull…
The skinny
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