Short-Seller Alleges Velo3D’s SpaceX Deal Ended, Shares Drop Nearly 10%
VELO•Short-seller Morpheus Research claimed Velo3D’s relationship with SpaceX ended years ago, noting no printer purchases since 2022 and SpaceX manufacturing its own machines under a 2024 IP license. The report also labeled Velo3D’s defense and aerospace deals as highly speculative, triggering a nearly 10% share decline.
1. Alleged End of SpaceX Partnership
The short-seller alleged Velo3D’s relationship with SpaceX largely ended years ago, noting the aerospace firm has not purchased a new printer since 2022.
2. SpaceX’s In-House Manufacturing
Under a 2024 intellectual property licensing agreement, SpaceX is said to manufacture its own metal 3D printers, reducing reliance on Velo3D equipment.
3. Speculative Defense and Aerospace Deals
The report flagged Velo3D’s defense and aerospace pipeline as highly speculative, citing partnerships with Momentus and government programs that may lack meaningful funding or revenue guarantees.
4. Market Reaction and Share Decline
Following the allegations, Velo3D shares fell nearly 10% in morning trading, extending a four-day selloff driven by investor concerns.
