Apptronik Stock: Can You Invest in the Apollo Humanoid Maker? Funding, Valuation and Listed Proxies

There is no Apptronik stock to buy. The Austin, Texas, maker of the Apollo humanoid robot is private, and after reopening its Series A twice it has raised close to $1 billion at a valuation that TechCrunch puts at about $5.3 billion and Bloomberg at more than $5.5 billion. What makes Apptronik different from most humanoid startups is who stands behind it: Google writes checks and supplies the robot's brain through DeepMind, Mercedes-Benz is both investor and customer, and Jabil has signed on to manufacture it. That gives investors a handful of listed proxies, all of them very diluted. For the full map of listed humanoid plays, see our Tesla Optimus stocks hub.

Apptronik at a Glance

The team's humanoid work goes back to 2013, when lab members built NASA's Valkyrie robot for the DARPA Robotics Challenge, and NASA remains a partner, as TechCrunch notes.

The Series A That Kept Growing

Apptronik never moved to a Series B. Instead it kept extending one round, with each tranche priced higher than the last:

Sources: SiliconANGLE, Apptronik, TechCrunch and Bloomberg. The company itself said only that the 2026 extension opened at three times the Series A valuation, and that it was responding to inbound demand rather than actively raising.

Google's Bet: DeepMind and Gemini Robotics

Google is Apptronik's most important backer for two reasons. It has invested in every tranche, and Google DeepMind uses Apollo as a hardware platform for its Gemini Robotics models. Apptronik describes the relationship as a strategic partnership to build next-generation humanoids "powered by Gemini Robotics." When DeepMind released Gemini Robotics 2 with whole-body humanoid control on July 30, 2026, Apollo was one of the hardware targets, according to Humanoids Daily. Data from Apptronik's robot fleets feeds back into those models.

For Alphabet shareholders, this is an option on robotics, not a revenue line. Our estimate: Google's stake, whatever its size, is immaterial to a company of Alphabet's scale. The more meaningful link is that Apptronik gives DeepMind a physical outlet in the same way that Tesla builds its own AI for Optimus.

Who Builds and Who Buys Apollo

• Jabil (NYSE: JBL), manufacturing: in February 2025 Jabil agreed to be the worldwide manufacturing partner for Apollo and to pilot the robots in its own factories, where Apollo units would do intralogistics work before shipping to customers.
• Mercedes-Benz, customer and investor: Mercedes tests Apollo at its Digital Factory Campus in Berlin-Marienfelde for moving parts and kits to the line (Autocar). In March 2025 it took a stake reported by Reuters as a low double-digit million euro sum.
• GXO Logistics (NYSE: GXO), customer: a commercial agreement covering warehouse tasks such as trailer unloading and picking. GXO also pilots Agility's Digit, so it is a buyer of several humanoids rather than an Apptronik proxy.

None of these partners has disclosed how many Apollo units it uses or what it pays.

Apollo 2 Now, Apollo 3 Next

On June 30, 2026, Apptronik showed Apollo 2 in wheeled and bipedal versions and opened a 90,000-square-foot "Robot Park" in Austin where fleets do industrial work to generate training data. Cardenas told eWeek that besides "a factory that produces robots, we also have a factory that produces data." He has called Apollo 3, expected next year, the company's first fully commercial, scaled product. In September 2026 he warned that the US lacks enough robot components, especially gears, and that actuators can make up 60% of parts costs; our explainer on humanoid actuators shows why those parts dominate the bill of materials.

How to Get Exposure Without Shares

Jabil is the only one where humanoid production could become a visible revenue stream, and even there it would be small next to its electronics business. Accredited investors may find Apptronik shares on secondary platforms, but transfers need company approval; treat unsolicited "pre-IPO" offers as a red flag. Diversified options are compared in our humanoid robot ETF guide, and the listed peer that most resembles Apptronik is Agility Robotics, which reached Nasdaq via a SPAC in November 2026.

Risks

• No disclosed revenue: valuation rests on partnerships and future Apollo 3 sales.
• Dependence on Google: its AI roadmap is tied to DeepMind; a change in Google's priorities would hurt.
• Supply chain: the CEO's own warning about gear and actuator shortages could slow scale-up.
• Competition: Tesla Optimus, Figure, Agility and lower-cost Chinese makers such as Unitree and AgiBot.

This article is for information only and is not investment advice.

FAQ: Apptronik Stock

The Bottom Line

Apptronik stock is not available: the company is private, valued at roughly $5.3 billion to $5.5 billion after a $520 million extension in February 2026, and its first fully commercial robot, Apollo 3, is still a 2027 story. Its strength is its partners, Google DeepMind for AI, Jabil for manufacturing and Mercedes-Benz as investor-customer, but none of those listed companies is a real proxy. For now, Apptronik is a name to watch for a future listing, compared in our humanoid robot stocks overview.

Sources: Apptronik (Feb 11, 2026), TechCrunch (Feb 11, 2026), Bloomberg (Feb 11, 2026), SiliconANGLE (Feb 13, 2025), Business Wire (Feb 25, 2025), eWeek (Jul 2, 2026), Humanoids Daily, Autocar, Reuters. Not investment advice. Last fact-check: November 10, 2026.