In the U.S., 2.1M manufacturing jobs will go unfilled by 2030, at a cost of $1T annually That’s the demand side. The supply side: 16,000 humanoid units deployed globally in 2025, up from 2,000 the year before Private robotics equity has already created tens of billions in value Embodied AI changes labour cost structure the way software changed information cost structure BMW has run Figure AI robots on daily 10-hour shifts for over 11 months across 30,000+ vehicles and 1,250+ runtime hours Leading companies carry combined valuations exceeding $85B, but most of that value will accrue to private investors No retail-accessible instrument offers specific exposure to named pre-IPO humanoid companies RoboStrategy is the exception that proves the rule: a listed fund trading 160–700% above NAV because scarcity drives premium XMAQUINA’s RCM Protocol converts verified private robotics equity into onchain subDAO tokens, bringing liquidity to illiquid markets Full Khala Research report in the next post below