Boston Dynamics may be able to make robots run, jump and backflip — but its IPO apparently isn’t ready to sprint onto Wall Street.

A potential stock-market debut for the Hyundai-owned robotics heavyweight now looks unlikely in 2027, according to Reuters, which cited a senior Hyundai Motor Group executive with direct knowledge of the matter.

The reason is refreshingly simple: Atlas needs to prove itself in the real world first.

From Viral Robot to Viable Business

Boston Dynamics has spent years producing some of the most jaw-dropping robotics demonstrations on the planet.

But there’s a big difference between making the internet say “wow” and making investors say “buy.”

The latest electric Atlas is intended to cross that gap. Hyundai plans to begin putting humanoid robots to work at its Georgia manufacturing operation in 2028 before expanding deployment across its manufacturing network. The group is also targeting production capacity of 30,000 robots per year by 2028.

Those are serious numbers.

They’re also still in the future.

Atlas has yet to demonstrate large-scale commercial deployment, and Boston Dynamics remains loss-making. According to figures cited by Reuters, the company recorded a 528.4 billion won loss in 2025, with cumulative losses approaching 1.7 trillion won between 2021 and 2025.

That makes an IPO today a sale built heavily on tomorrow’s promise.

So When Could Boston Dynamics Go Public?

Hyundai has never publicly announced an official IPO timetable or valuation target for Boston Dynamics, so technically there isn’t a confirmed IPO date to “delay.”

But expectations are clearly shifting.

One analyst cited by Reuters believes 2029 or 2030 could be a more realistic window, giving Hyundai time to deploy Atlas, collect operational data and demonstrate that humanoid robotics can become a scalable commercial business.

And the potential numbers are enormous.

Market estimates cited by Samsung Securities reportedly put Boston Dynamics somewhere between 50 trillion and 100 trillion won, while IBK Securities has projected that the company could potentially reach a 141 trillion won valuation by 2030 if its growth targets materialise.

There is a lot riding on Atlas.

Hyundai Is Doubling Down, Not Backing Away

An IPO moving further into the distance shouldn’t be confused with Hyundai losing faith in Boston Dynamics.

Quite the opposite.

Hyundai Motor Group said in July that its shareholders were pursuing the acquisition of SoftBank’s remaining stake in Boston Dynamics, potentially bringing the robotics company fully inside the Hyundai fold. Hyundai said the move would strengthen collaboration and help execute its long-term robotics strategy.

That gives Hyundai more room to play the long game.

And perhaps that’s exactly what Boston Dynamics needs.

RobotsChampion Take

This could be a smart delay.

Humanoid robotics is currently drowning in gigantic projections, eye-watering valuations and promises of robots transforming everything from factories to logistics.

But eventually somebody has to ship the robots.Then those robots have to work. Every day and at scale.

Without the carefully controlled conditions of a demonstration video.

Boston Dynamics has arguably one of the strongest robotics brands in the world. Atlas is one of the industry’s most closely watched humanoids. And Hyundai has something many robotics startups can only dream about: factories where it can actually deploy the technology.

So why rush the IPO?

If Boston Dynamics can turn Atlas from an engineering superstar into a dependable industrial worker, the company that eventually arrives on the stock market could be considerably more compelling than the one investors would be buying today.

Forget the bell-ringing ceremony for now.

The real milestone is getting thousands of Atlas robots onto factory floors — and keeping them there.

That’s when things get interesting.