Vinod Khosla, one of the most optimistic investors in robotics, has warned that too much investment and lofty valuations in the hottest robotics startups mean a big shake-out is coming. In an interview, he said more than half of these startups will be below their current valuations by 2030, while those that are not will have huge multiples. His comments come amid similar warnings in China about its world-leading robotics industry, where the economic planning agency last year warned that over 150 companies are working on humanoid robots, risking a bubble. Humanoid giant Unitree had a rocky debut on the Shanghai Stock Exchange last month, prompting Chinese regulators to tighten approvals for humanoid startups seeking to go public.
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