Hyundai Motor Group announced on Thursday that it will acquire SoftBank Group’s remaining approximately 10% stake in Boston Dynamics, making the robotics company a wholly owned subsidiary.
The transaction is valued at roughly $325 million, according to Bloomberg
The transaction follows SoftBank’s decision to trigger a put option embedded in the 2021 acquisition agreement, which gave SoftBank the right to sell its stake if Boston Dynamics remained privately held through this year. Hyundai secured a matching call option in 2025. The predetermined purchase price puts Boston Dynamics’ worth at approximately $3.3 billion, consistent with what Hyundai paid when it took an 80% controlling interest from SoftBank in 2021.
Hyundai said taking full ownership positions it to construct an integrated AI robotics ecosystem that draws on Boston Dynamics’ physical AI expertise alongside the group’s factory operations, mobility platforms, and worldwide supply network. “Through this integrated approach, the group aims to accelerate the development, validation and commercialization of Physical AI technologies and robotics solutions,” Hyundai said in a statement. The centerpiece of the push is Boston Dynamics’ Atlas humanoid robot. Hyundai is targeting 2028 for Atlas’s first factory deployment in Georgia, aiming to scale manufacturing capacity to as many as 30,000 units per year.