Velo3D
- 🦄Became a unicorn2021
- 📈Peak valuation$2.24 Billion ’21
- 💔Became a Unitard2022
- 💸Last valuation~$506M
How it happened
Velo3D made metal 3D printers prized by aerospace and defense customers — including SpaceX — and went public on the NYSE in September 2021 via a SPAC merger at a $1.6B enterprise value, its value soon nearing $2.24B. Heavy cash burn and a frozen market for unprofitable hardware crushed it: the stock fell about 99%, and after a 1-for-35 reverse split it was delisted from the NYSE and restructured in 2024. Glassdoor reviews through the slide praised best-in-class technology and strong engineers, but described the strain underneath — recurring layoffs, belt-tightening as funding ran short, vacation folded into forced company-wide shutdowns, and heavy turnover, leaving staff faulting leadership.
Employee accounts paraphrase anonymous, unverified reviews posted publicly on Glassdoor ↗. See our methodology.
Source: SEC / 3D Printing Industry / Seeking Alpha ($1.6B pro forma EV via JAWS Spitfire SPAC, NYSE debut Sept 30 2021; once valued ~$2.24B, fell to ~$5M by Sept 2024; 1-for-35 reverse split June 2024; delisted to OTCQX as VLDX; restructured Dec 2024)
