$325M for 9.65% implies a valuation of around $3.4 billion, so it's more like 18x.

Regardless, Boston Dynamics has been burning cash for 35 years and all they have to show for it are some fancy demos and trial deployments. Eventually you have to wonder what their future prospects are.

> Eventually you have to wonder what their future prospects are.

Boston Dynamics is a defense contractor, their future prospects are designing and manufacturing war machines, the same thing they’ve always done.

The dog robots are meant to carry stuff/support combat troops.

The humanoid robots are designed to rescue injured soldiers and possibly other risky tasks.

They may have plans to commercialize these robots, but I’m not sure where the consumer/commercial market for robotic dogs is. Jobs that need machines to carry heavy stuff already have solutions and have had them for a long time, and they’re safe to operate as long as you’re not in a combat zone. I guess it would be nice to have a robot dog portage my packs and canoe for me in the BWCA but I’m not spending new car money for that.