How to Invest in Figure AI Pre-IPO 2024:How to Buy Figure AI Stock?

Key Points of Figure AI

• The picture aims to create humanoid robots powered by advanced AI technology.
• Although the humanoid robot market is still in its infancy, analysts expect significant growth soon.
• Although the figure has not yet been publicly traded, the company announced in January 2024 that it had reached an agreement with BMW.

With investors showing genuine interest in the artificial intelligence (AI) business, it’s no surprise that Figure AI stock has caught their attention. Founded in 2022, the company specializes in manufacturing humanoid robots using advanced AI technology. The company is clear about its goals, saying, “Our product and our mission are the same: to bring a commercially viable humanoid to market.

The humanoid robot market is still in its infancy, but analysts expect significant growth in the coming years. For example, Goldman Sachs (GS 1.61%) projects that the total addressable market will expand to $38 billion by 2035.

Figure founder and CEO, Brett Adcock, envisions a wide range of applications for the company’s humanoid robots. These robots can play a variety of roles, from working in warehouses and helping the elderly to joining space missions. Adcock believes Figure can fill current unmet labor demands.

While investors may find the company’s outlook attractive, they also need clarity on the timing of a potential initial public offering (IPO) and other available investment opportunities

Does Figure AI have a public market?

As of April 2024, Figar is not a publicly traded company, so those looking to invest in it should explore alternative options. While most investors cannot buy stock, several well-known companies have acquired equity stakes in the company.

In February 2024, Figure announced that it had secured $675 million in a Series B funding round, valuing the company at $2.6 billion and giving it unicorn status. The funding round saw investment from notable investors including Microsoft, OpenAI, Nvidia, Jeff Bezos, and ARK Invest.

When will Figure AI IPO?

After completing its Series B funding round, Figure did not announce any plans for a public offering until April 2024. While investors may be disappointed that Figure isn’t on the IPO calendar for 2024, many other companies are planning IPOs this year, providing investors with plenty of options. With many alternative options.

How do I buy Figure AI stock?

While Figure is not accessible to most investors, those who qualify as registered investors can access Figure ahead of its IPO through platforms like Forge Global (FRGE, -3.27%). There may be an opportunity.

.If you are not a registered investor and you are interested in buying figure stocks, you may be disappointed to find that this is not an available investment option. However, there are other investment opportunities that you may find attractive. 

Here’s how you can invest in these other options:

Step 1: Open a brokerage account.

First, if you want to buy stocks, you need to open a brokerage account. Fidelity Investments is a good choice for beginners because it offers online stock trading without charging commission fees.

Step 2: Set your budget.

It’s easy to get excited about buying stocks, but it’s important to take care of your finances. Take a look at your monthly expenses and savings goals. Decide if you want to start with a small investment to test the waters, plan to buy more later, or if you prefer a single, large purchase.

Step 3: Research companies

Now is the time to do your homework. Look at the different companies you are interested in investing in. While Fidelity Investments may not be available to all retail investors, similar companies are worth considering.

1. Nvidia

Nvidia stands as one of the most popular AI stocks available today. For investors looking beyond Figure 1, Nvidia is a solid alternative. Nvidia recently invested $50 million in Figure’s Series B funding round, making it possible for investors to indirectly support Figure by investing in Nvidia.

Nvidia is also developing humanoid robots, which is a major development. In March 2024, Nvidia introduced Groot, a flexible foundation model designed to transform learning for humanoid robots in both simulated environments and the real world.

Additionally, Nvidia has launched several other initiatives aimed at helping large companies such as Boston Dynamics, Agility Robotics, and Figure with model training to advance humanoid robotics. This includes enhancements to their Isaac platform, which has been instrumental in these developments.

Here’s a table summarizing the information about Nvidia and its initiatives:

2. Symbotic

Symbolic, although it does not produce robots in human likeness, is leading the way in the development of AI-powered robots designed to automatically manage supply chains. The support of the company for its customers is sufficient. Symbotic boasts a platform that achieves an amazing 99.9999% order accuracy, significantly reducing operational costs. Notably, its client roster includes major retailers such as Walmart, Target, and Albertsons.

For investors eyeing growth opportunities, Symbotic presents a compelling case. Over the next 15 years, the company projects a $144 billion market. In 2023, Symbotic reported revenue of $1.2 billion and a backlog of $23.2 billion by Q1 2024.

Here is a table summarizing the information about Symbotic:

3. Intuitive Surgical

Patients don’t typically refer to these machines as “doctors,” but Intuitive Surgical (ISRG 1.16%) designs robotic systems that assist surgeons during minimally invasive surgical procedures in operating rooms, e.g., his da Vinci surgical system.

Since doctors first began using the da Vinci System, it has been used in more than 14.2 million procedures in urology, gynecology, and general surgery in more than 9,100 hospitals worldwide. In March 2024, Intuitive announced that the FDA had cleared its fifth-generation surgical platform, the DaVinci 5, which boasts 150 improvements over earlier models, including improved computing capabilities and force sensing. Technology is also involved.

Here’s a table summarizing the information:

Step 4: Placing Your order

Just a few more picks, and you’ll be an investor with a new stock in your portfolio. Choose how many shares you want to buy first. Next, choose between a limit order and a market order. After making these decisions, simply click the Buy button to finalize your purchase.

Does Figure AI make money?

Because Figure is not subject to the same strict standards as publicly traded companies, investors do not have a clear understanding of a company’s financial health from regulatory reports. Given that Figure has yet to launch a product, it’s fair to assume that they aren’t currently selling or making a profit.

However, Figure is poised to generate revenue soon. In January 2024, the company disclosed a partnership with BMW (BMWYY -0.61%). Once Figure determines how its humanoid robots can effectively help BMW manufacture vehicles, it will gradually introduce the robots to BMW’s South Carolina production facility.

Is Figure AI something I should invest in?

This data is not currently available to retail investors to invest without going public through an IPO. If Figure goes ahead with an IPO, it will be required to disclose financial information through regulatory filings. This transparency will help potential investors understand the financial health of the data and decide whether investing in its stock suits their objectives.

However, registered investors may have an opportunity to invest in Figure at this stage. Given that Figure is not yet generating revenue and lacks clear financial details, investing in Figure is only suitable for those who are comfortable with high-risk investments.

ETFs with exposure to Figure AI

Because the index is not publicly traded, there are no ETFs that include its stock. However, investors still have options. Some AI-focused ETFs offer considerable opportunities.

1. iShares Robotics and Artificial Intelligence Multisector ETF (IRBO 0.15%): This ETF is a good choice for cost-conscious investors, with a low expense ratio of 0.47%. This includes many semiconductor stocks important to AI and robotics, such as Arm Holdings (8.63%) and Nvidia. Additionally, it includes robotics-focused companies such as Intuitive Surgical and Cognex (CGNX -0.02%).

2. Global X Robotics & Artificial Intelligence ETF (BOTZ 0.57%): Investors with a focus on leaders like Nvidia and Intuitive Surgical may prefer this ETF. Nvidia has the largest share at 9.1%, followed by intuitive surgery at 8.2%. The ETF has an expense ratio of 0.68% and distributes earnings annually.

3. ARK Autonomous Technology & Robotics ETF (ARKQ 1.02%): For those interested in a more aggressive approach, this ETF offers a selection that includes Tesla (TSLA -1.38%), AI-focused semiconductor manufacturers such as Nvidia, Taiwan Includes Semiconductor (TSM 1.38%), and Advanced Micro Devices (AMD -2.38%). It also includes smaller growth companies such as Rocket Lab (RKLB 13.13%), AeroVironment (AVAV 1.95%), and Archer Aviation (ACHR 3.47%). The expense ratio of this ETF is 0.75%.

Here is a table summarizing the investment options:

Conclusion

Given the expected growth in the humanoid robot market, it is understandable why investors are so interested in the figure. For now, however, most investors will have to wait until the company launches its IPO before investing in its stock.

In the meantime, there are other attractive investment opportunities available. Investors can look for options like Nvidia, Symbotic, and Intuitive Surgical, as well as AI and robotics ETFs. While they wait for the data to be made public, they can keep an eye on the company’s progress, including its BMW partnership and any other updates that are made public.

Is now the right time for you to invest $1,000 in intuitive surgery?

Before investing in intuitive surgery, here are some things to think about:

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