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As we close out June, physical AI hits a milestone as Agility Robotics takes its Digit humanoid public in a $2.5 billion SPAC with Foxconn leading a $200 million PIPE, while Galaxy Digital snaps up 500 acres in McGregor, Texas for a $400 million AI campus next to SpaceX's test facility.

Autonomous mobility pushes forward as Elroy Air locks in a $1 billion Nasdaq listing for its heavy-cargo VTOL drones. On the energy front, Enlight closes $2.6 billion in debt financing for Arizona's largest-ever solar and battery complex. In proptech, CRH strikes an $8.5 billion deal to acquire U.S. aggregates giant Arcosa, and Rocket Lab caps the week by agreeing to acquire Iridium's global satellite network in an $8 billion landmark deal.

Stay sharp

Physical AI

Agility Robotics Targets $2.5B Public Debut via SPAC

Digit humanoid maker goes public through Churchill Capital XI, raising $620 million — including a $200 million Foxconn-led PIPE. (Read more)

Bear Robotics Acquires Kinisi for Full Physical AI Stack
The KR1 wheeled humanoid and vision-language-action models join Bear's 16,000-robot global fleet to complete its end-to-end platform. (Read more)

Robo.ai's $60M All-Stock Deal Builds Global AI Robotics Network
UAE-listed Robo.ai acquires QC Capital in shares, with an 8-year release tied to a $2.4 billion cumulative revenue target. (Read more)

Data Centers & IT Services

Hyperscale Data Signs $1.2B Neocloud Deal in Michigan
A 20-megawatt AI compute agreement with an unnamed California neocloud anchors the company's flagship Michigan campus buildout. (Read more)

Galaxy Digital's $400M AI Campus Eyes SpaceX's Backyard
500 acres acquired near SpaceX's McGregor test site, targeting 8 data center buildings for a major Texas AI expansion. (Read more)

Z Squared Acquires Paradox Data's Immersion-Cooled Campus for $5M
Arkansas-based immersion-cooled AI campus developer Paradox Data joins Z Squared via $5 million in convertible preferred stock, no cash. (Read more)

Smart Mobility

Elroy Air's $1B SPAC Puts Heavy Cargo Drones on Nasdaq
California VTOL drone startup merges with Columbus Circle Capital II, locking in $165 million in committed PIPE financing at signing. (Read more)

Aseon Labs Raises $10M to Build Robotic Pit Stops for Robotaxis
Crane Venture Partners leads the seed round for YC-backed Aseon's parking-space-sized autonomous pods that clean, inspect, and charge AV fleets.
(Read more)

Acodyne Lands $2.8M to Fly 500 kg Cargo at 450 km/h

Danish eVTOL startup co-backed by Gungnir Capital targets defense, offshore, and remote logistics with its autonomous E100 aircraft. (Read more)

Energy Transition

Enlight Closes $2.6B Financing for Arizona's Biggest Solar+BESS Complex
A 7-bank consortium led by BNP Paribas funds 1.2 gigawatts of solar and 4 gigawatt-hours of battery storage across 5 projects. (Read more)

Matrix Renewables Closes $1.3B U.S. Solar+BESS Financing Package
TPG-backed platform secures construction-to-term debt and tax equity for 859 megawatts of solar across California, Idaho, and Texas. (Read more)

Bessemer and NVIDIA Back Verse's $54M Series B for Grid Software
Dispatch Intelligence uses on-site batteries and solar to cut AI data center grid interconnection wait times by up to 3 years. (Read more)

Proptech

CRH to Acquire Arcosa in $8.5B Infrastructure Aggregates Deal

The NYSE building materials giant acquires Arcosa at $150 per share, adding critical U.S. infrastructure and aggregates capacity. (Read more)

MSCI Acquires First Street's Climate Risk Platform for $120M

Physics-based property-level climate risk data covering 2 billion structures worldwide integrates into MSCI's geospatial analytics suite. (Read more)

Maritime Robotics Raises $32.5M to Scale Autonomous Sea Drones
Norwegian firm expands unmanned platforms for marine mapping, port inspection, wind farm monitoring, and offshore construction support. (Read more)

Defense & Aerospace

Rocket Lab's $8B Iridium Acquisition Creates Space Powerhouse
Launch, manufacturing, LEO satellite network, L-band spectrum, and defense-grade PNT services unite in a landmark cash-and-stock deal. (Read more)

Ubotica Raises $11M to Detect Maritime Threats from Orbit

Greencode Ventures and Act Venture Capital back Ireland's Ubotica to scale onboard orbital AI, eliminating the need to downlink raw imagery. (Read more)

Builders VC Leads $9M Seed into Hand-Launched Drone Interceptor Startup Askari
Atlanta-based Askari Defense ramps autonomous kinetic interceptors for frontline operators, backed by $2 million in existing SOCOM contracts. (Read more)

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