China's embodied intelligent robot company, Unitree, has quietly secured approval for a $619 million IPO on the Shanghai STAR Market. Right off the bat, they're raising 4.2 billion RMB, instantly pushing the price ceiling and valuation anchor for the entire robot hardware industry to a staggering $7 billion. The scariest part? This Hangzhou-based company, founded in 2016, has been profitable since 2020 by selling hardware—while many Silicon Valley giants in humanoid robotics are still relying on demo videos and lab PPTs to keep up appearances.