Velo3D
â DelistedTrust Size
$345M
Peak Price
$11.00
Current Price
$0.12
Return
-98.9%
Peak Market Cap
$2.0B
What Happened
Velo3D makes advanced metal 3D printers for aerospace, endorsed by Serena Williams. Despite real technology and SpaceX as a customer, the stock collapsed 99%.
Velo3D merged with JAWS Healthcare Innovators Acquisition Corp in October 2021. The company made advanced metal 3D printing systems for aerospace, defense, and energy applications. Serena Williams was listed as an investor.
The technology was genuinely impressive â Velo3D's Sapphire printers could produce complex metal parts that traditional manufacturing couldn't. Customers included SpaceX, Honeywell, and other blue-chip industrial companies.
But the metal 3D printing market grew far more slowly than projected. Manufacturers were cautious about adopting additive manufacturing for production parts, and each Sapphire printer was expensive, limiting the customer base.
The stock collapsed from $11 to $0.12 as investor enthusiasm for industrial SPACs evaporated. Velo3D faced delisting warnings. The technology may eventually prove transformative, but the SPAC timeline was wildly unrealistic.
Key People
Benny Buller
Founder & CEO
Israeli-born engineer
Serena Williams
Celebrity Investor
Tennis champion, promotional involvement
Timeline
2021-10-01
SPAC merger with JAWS Healthcare closes
2022-01-01
Stock peaks around $11
2023-06-01
Revenue growth disappoints
2024-06-01
Receives NYSE delisting warning
2025-01-01
Trading at $0.12
â Celebrity SPAC
This SPAC featured celebrity involvement â a common pattern during the 2020-2021 mania where famous names lent credibility to blank-check companies.
ð SEC Filings
View all EDGAR filings for Velo3D
Risk Scores
Dilution Score
50/100
Insider Profit Index
40/100