Masayoshi Son’s $6 Billion 1X Bet Marks His Grand Return to the Humanoid Robot Sector
Article excerpt
Masayoshi Son is preparing to repurchase a humanoid robot company. On August 27, according to The Information citing people familiar with the matter, SoftBank Group is in talks to acquire a majority stake in 1X Technologies, with the expected valuation of this humanoid robot company reaching 6 billion US dollars. But as of now, neither SoftBank nor 1X has officially announced the transaction. The timing of this news is rather subtle. More than a month ago, Hyundai Motor just announced that it will acquire the remaining approximately 10% stake in Boston Dynamics held by SoftBank. After the transaction is completed, Hyundai Motor will achieve full control over Boston Dynamics. At this point, SoftBank has completely parted ways with this company famous for its robotic dog Spot and humanoid robot Atlas. In 2021, SoftBank sold an 80% controlling stake in Boston Dynamics to Hyundai Motor, when the entire company was valued at about 1.1 billion US dollars. Five years later, Masayoshi Son is turning around and preparing to take over a humanoid robot company with a shorter establishment time and an early commercialization stage at a valuation of 6 billion US dollars. Robots have returned to the center of SoftBank's investment map. Masayoshi Son's interest in robots dates far earlier than this round of embodied intelligence boom. In 2012, SoftBank acquired the French robotics company...
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After 2023, 1X focused its main energy on household scenarios and began to develop the bipedal humanoid robot NEO.
