Yes, valued... on the market... as a company... whose goal is to make money.

Ask any IT pro if they've heard of Boston Dynamics: yes! Do you own any Boston Dynamics products? No.

Ask a normal person if they've heard of Boston Dynamics: no.

Ask a normal person if they've heard of Roblox: yes! Do you own any Roblox products? Yes! My kids love it!

You can't take some highfalutin notion of 'potential progress in engineering' and directly translate it to market value. Market value comes from performance in the market.