Humanoid Revolution: Figure's $1B Fundraise, XPENG's Iron, and Musk's $1T Pay Package

Figure AI has raised $1 billion in a Series C funding round, valuing the company at $39 billion. The company's humanoid robot, Figure 3, is set to be available for purchase or rent, with a target production capacity of 100,000 units by 2028. The humanoid market is estimated to reach $7 trillion by 2050, with nearly a billion humanoids expected. Tesla's market cap is $1.4 trillion, while XPENG's is $26 billion. The valuation of Figure AI is around 32x its potential revenue in 2028.