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SpaceX-related contract momentum provides a near-term fundamental catalyst; continued expansion orders would directly affect VELO’s top line, reinforced by a bullish technical setup (golden cross, above DMAs). However, overextended price could trigger pullbacks if orders disappoint or broader market turns cautious.
What happened, with direct paths to the underlying reporting
Velo3D disclosed that SpaceX’s Raptor engine was built on VELO's Pure Platform, with SpaceX previously using VELO machines in 2018 and 2021 and now producing parts for Raptor 4. Management signaled potential new orders beyond the 25 machines already operated. Technically, VELO remains in an uptrend and trades above major moving averages, though near-term resistance at $26.50 could cap gains.
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