Unitree valued at $66B in IPO, loses nearly half its value in a week

Unitree, China's leading robot maker, was valued at $66 billion after its IPO on China's NASDAQ equivalent, then lost nearly half its value within a week. The correction underscores the gap between demonstration-grade robotics and revenue-grade robotics. Foundation models from Physical Intelligence and Skild AI show real capability gains, but the market is pricing in how far that is from durable commercial output.