Did a 1-for-35 reverse split; delisted from NYSE to OTC (2024); restructured
Live · VELO· NasdaqCM
as of 2026-09-17
$10.73▲ 2.78% today
≈ $345 Million market cap · −84.6% from peak
The rise & fall
8 moments · 2014–2024
The key moments, with employee sentiment along the way.
2014
🌱
2014
Founded in Silicon Valley
Benny Buller's bet: metal 3D printers that build parts other machines can't — no support structures needed.
Wikipedia
Sep 30 ’21
🦄
Sep 30 ’21
SPAC debut on the NYSE
Merges with Jaws Spitfire at a $1.6B enterprise value — the printer maker prized by aerospace and defense buyers, most famously SpaceX.
SEC filing
2021
📈
2021
The peak: ~$2.24B$2.24B
The post-debut pop prices Velo3D near $2.24B before the year is out.
Seeking Alpha
2022
💔
2022
Out of the club
The SPAC class of 2021 deflates; a year after listing, the peak is a memory.
Seeking Alpha
2022–23
2022–23
Hardware winter
Cash burn stays heavy while funding for unprofitable hardware makers freezes shut.
Seeking Alpha
2022–24
💬
From the inside · Glassdoor reviews, 2022–24
Glassdoor reviews through the slide kept praising best-in-class technology and strong engineers even as they described the strain underneath — recurring layoffs, belt-tightening as funding ran short, vacation folded into forced company-wide shutdowns, and heavy turnover that left remaining staff faulting leadership.
Jun 2024
Jun 2024
A 1-for-35 reverse split
Share-count surgery to keep the listing; by September the whole company is worth about $5M.
SEC filing
Dec 2024
Dec 2024
Delisted and restructured
Bumped from the NYSE to the OTC markets as VLDX, Velo3D restructures in December — worth roughly 0.2% of its peak.
3D Printing Industry
Today
Today
Still in the club — and still trading
Live · VELO · NasdaqCMas of 2026-09-17
$10.73▲ 2.78% today≈ $345M cap · −84.6% from peak
💬 entries paraphrase anonymous, unverified reviews posted publicly on Glassdoor ↗; dated facts carry their source.
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.
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)
