How to Invest in Figure AI in 2026: A Realistic Guide
No, Figure AI is not publicly traded. Retail investors can’t buy Figure AI stock directly today, so the realistic paths are waiting for an IPO, looking at comparable public robotics names, or—if accredited—checking private secondary markets.
No, Figure AI is not publicly traded. Retail investors can’t buy Figure AI stock directly today, so the realistic paths are waiting for an IPO, looking at comparable public robotics names, or—if accredited—checking private secondary markets.
Figure AI has become one of the most closely watched private names in robotics because it sits at the intersection of AI, humanoid machines, and manufacturing scale. The company has been rolling out product milestones, partnerships, and a massive new funding round, which is exactly the kind of setup that gets retail investors asking how to get in before an IPO.
The catch is simple: Figure AI is still private, so the path to ownership is not the same as buying a listed stock. Here’s what Figure AI does, whether it’s public, what an IPO would depend on, and the realistic ways investors can get exposure today.
What is Figure AI?
Figure AI builds general-purpose humanoid robots and the AI software that controls them. Its core stack includes Helix, a vision-language-action model for humanoid control; Figure 03, its humanoid robot platform; and BotQ, a manufacturing system/facility designed to scale production. The company says it is focused on deploying humanoids into commercial settings and building the infrastructure to support that scale.
The company was founded in 2022 by Brett Adcock. Figure has not publicly disclosed revenue or a current employee count in the sources reviewed, and I did not find a clean primary-source headquarters statement. What is clear is that it is a venture-backed private company with major strategic and financial backers, and its recent work has centered on partnerships and production ramping rather than public-market reporting.
Is Figure AI publicly traded?
No, Figure AI is currently a privately held company, not a publicly traded stock. There is no ticker, and I did not find evidence that it sits under a public parent company.
That means retail investors cannot buy Figure AI shares on an exchange today. Ownership appears to be concentrated among founders, employees, and private investors from its funding rounds, but no public filing I found breaks out the cap table or control structure.
When will Figure AI go public?
I did not find an S-1 filing for Figure AI, and I did not find credible public chatter pointing to an imminent IPO. The company’s public messaging is about long-term scaling, not a near-term listing, which suggests it is still in build mode.
The most recent disclosed valuation I found was $39 billion post-money in its Series C announced on September 16, 2025, after raising more than $1 billion. That gives you a sense of how much private-market optimism is already embedded. If Figure ever files to go public, investors should watch for an S-1, revenue disclosure, customer concentration, and whether the company can turn robot demos into repeatable commercial deployments.
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For retail investors, the first option is to wait for an IPO. If Figure AI eventually lists, the usual path is to buy shares through a brokerage once trading begins; before that, there is no direct public-market access. Right now, there is no public parent stock to buy instead.
The second option is to use comparable public companies as proxies, which is what most investors will end up doing. The closest listed names are Tesla, ABB, and Teradyne. They are not the same business, but they give you exposure to robotics, automation, and AI-driven manufacturing themes.
A third route is private secondary markets, but that is generally limited to accredited investors and access is not guaranteed. Figure’s own notice about unauthorized attempts to sell Figure stock suggests there is secondary-market demand, but that is not the same as a clean, open retail market. If you are not accredited, assume direct access is off the table.
Indirect exposure: backdoor ways to invest
There are some indirect routes, but they are imperfect. SEC filings show private-fund exposure to Figure AI in an Alger filing, and another SEC-registered fund disclosure explicitly names Figure AI in its private-company exposure discussion. That means some pooled vehicles may have a slice of the name, but the exposure is diluted and usually tiny relative to the whole fund.
I also found an ETF-style filing that claimed exposure to Figure AI, but it contained an inconsistency by describing Figure AI as publicly traded, so that should be treated cautiously. The practical takeaway is that there may be fund-based exposure, but it is not a clean retail substitute for owning Figure AI itself, and you need to read the holdings carefully before assuming meaningful exposure.
Closest publicly-traded alternatives
The three closest public comparables are Tesla (TSLA), ABB Ltd. (ABB), and Teradyne (TER). Tesla is the nearest humanoid-robotics proxy because of Optimus and its AI-plus-manufacturing story. ABB is a broader industrial automation and robotics name with real factory exposure. Teradyne owns Universal Robots and Mobile Industrial Robots, making it a useful automation and robotics proxy with industrial customer overlap.
These are proxies, not direct substitutes. Investors looking at Figure AI usually use them to express a view on robotics adoption, factory automation, and AI-enabled machines while Figure remains private. None of them gives you pure Figure exposure, but they are the most realistic public-market stand-ins.
Recent news
Figure’s biggest recent development was its Series C on September 16, 2025: more than $1 billion raised at a $39 billion post-money valuation. The company said the capital would support scaling Helix and BotQ manufacturing. A day later, it announced a strategic partnership with Brookfield to help build real-world humanoid pretraining data and AI infrastructure.
The product cadence has stayed busy as well, with Figure 03 introduced on October 9, 2025, Helix 02: Full-Body Autonomy on January 27, 2026, and production ramping updates in April 2026. The company also announced an agreement with Catalyst Brands in May 2026, said F.03 arrived at BMW in June 2026, and then posted a notice in July 2026 about unauthorized attempts to sell Figure stock.
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If you want Figure AI specifically, the honest answer is that you probably can’t buy it directly today unless you have access to private secondary markets and qualify as an accredited investor. For most retail investors, the practical move is to watch for an IPO and, in the meantime, use public robotics and automation names as proxies.
That means Tesla, ABB, and Teradyne are the real investable alternatives right now. They won’t give you pure Figure exposure, but they do give you a way to participate in the same broader theme: humanoid robotics, industrial automation, and AI-driven manufacturing.
▌Common Questions
Frequently asked questions
+Is Figure AI publicly traded?
No, Figure AI is currently a privately held company, not a publicly traded stock. There is no ticker, and I did not find evidence that it sits under a public parent company.
+When will Figure AI go public?
I did not find an S-1 filing for Figure AI, and I did not find credible public chatter pointing to an imminent IPO. The company’s public messaging is about long-term scaling, not a near-term listing, which suggests it is still in build mode.
+How can you invest in Figure AI?
For retail investors, the first option is to wait for an IPO. If Figure AI eventually lists, the usual path is to buy shares through a brokerage once trading begins; before that, there is no direct public-market access. Right now, there is no public parent stock to buy instead.
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