SpaceX IPO at $1.77 Trillion Spurs 34% Velo3D Rally
SPCX•SpaceX will debut at near $1.77 trillion valuation with shares tightly allocated, prompting investors to swap into Velo3D and fueling a 34% rally this week. Velo3D posted 48% revenue growth, a 17.2% gross margin and cut debt by 70% after securing an $8 million IP deal with SpaceX.
1. SpaceX IPO Valuation and Allocation
SpaceX is preparing to launch shares under ticker SPCX at a valuation near $1.77 trillion. The IPO has been tightly allocated, making direct share access challenging for most investors.
2. Proxy Trading Drives Velo3D Surge
With direct access limited, traders are targeting Velo3D as a liquid proxy, pushing its stock up 34% this week after four straight sessions of gains. Velo3D’s printing systems are integral to SpaceX’s manufacturing supply chain.
3. Velo3D Financial Turnaround
Velo3D reported 48% year-over-year revenue growth and achieved a 17.2% gross margin in the fiscal first quarter, while cutting outstanding debt by roughly 70%. The company secured an $8 million intellectual property deal with SpaceX in 2024 to adapt its metal 3D-printing technology.
