Hyundai to Buy SoftBank's Remaining 9.65% Boston Dynamics Stake for $325M, Making Atlas Robot Maker Wholly Owned

Hyundai Motor Group plans to acquire SoftBank's remaining 9.65% stake in Boston Dynamics for $325 million via a board vote expected June 22, making the robotics firm a wholly owned subsidiary at an implied $3.4 billion valuation — more than triple its 2021 figure. SoftBank exercised a put option retained when Hyundai acquired the 80% controlling stake for $880 million in 2020-2021. The deal coincides with Boston Dynamics beginning commercial production of its electric Atlas humanoid robot, with initial 2026 deployments earmarked for Hyundai facilities and Google DeepMind, followed by broader customer additions in 2027.