Humanoid Robotics Startup Foundation Misses Payroll Since Oct 30; CEO Borrowed $4.6M for Luxury Home
Scobleizer · x · 2026-11-15
- CNBC reports that Foundation, an Eric Trump-backed military humanoid robot startup, has missed payroll since Oct 30 and still hasn't paid employees.
- Fueling internal anger: CEO and co-founder Sankaet Pathak borrowed $4.6M from the company last year to buy a luxury home, and he is the sole board member — a structure raising governance concerns among prospective investors.
- Credibility gap: the widely reported $24M in Pentagon contracts weren't actually won by Foundation; they came with Boardwal.
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