Analyst consensus puts the humanoid total addressable market at roughly $24B by 2030 — with the more striking shift being where that value is captured. In this session, Marc Theermann draws on his experience transforming Boston Dynamics from a research institution into a commercial entity, and navigating the moment when a lab prototype becomes a product line. Helena Chao, Head of Venture Capital and Crossover Coverage at Bank of America Global Investment Banking, brings the investor lens on how capital is flowing into the space, and what separates a credible humanoid platform from a science project. Together they'll explore why the industrial segment pays the bills through 2030, why service and consumer applications are set to dominate by 2050.