EPISODE · Aug 13, 2026 · 8 MIN
山顶上的宇树：73 天火速 IPO，一台机器狗撑起千亿机器人赛道
from AI解研说
营收仅 17 亿，却冲刺千亿市值、市盈率超 200 倍，成为 2026 年硬科技最疯狂的神话。曾经被投资人集体错过、草根出身、逆势对标美国巨头的宇树科技，凭什么站在具身智能的山顶？本期深度复盘宇树十年逆袭路：从 2019 年无人看好的小众创业公司、手搓电机自研全栈技术，到靠极致成本控制站稳科研市场；借春晚破圈引爆国民热度，踩中人形机器人时代风口，最终成为全行业估值锚点。狂热估值背后，是时代红利、产业押注，还是硬核技术的长期兑现？我们拆解宇树的逆袭真相，看懂中国机器人行业的狂热、泡沫与未来。
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山顶上的宇树：73 天火速 IPO，一台机器狗撑起千亿机器人赛道
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