Velo3D Inc. (VELO) is having the kind of day that makes investors very happy. The stock surged Wednesday after CEO Arun Jeldi pulled back the curtain on some pretty significant relationships with SpaceX and defense tech company Anduril.
The SpaceX Connection Gets Real
Speaking at the iAccess Alpha Virtual Best Ideas Winter Investment Conference 2025 on Tuesday, Jeldi didn't just hint at working with big names. He laid out specifics that matter.
"We also have a big footprint in space where Velo is the first mover for SpaceX," Jeldi stated.
Here's where it gets interesting: Velo3D currently prints five major parts for SpaceX's Raptor engines, and these components are specifically qualified for the Velo3D platform. Think about that for a second. SpaceX isn't just buying printers and figuring things out themselves. They've designed critical engine components around Velo3D's technology.
The company is also already working on parts for the Raptor 4 engine, which tells you this isn't a one-and-done relationship. When asked whether SpaceX would purchase more machines beyond the 25 it currently operates, Jeldi said the company is in discussions and it's "likely." That's CEO-speak for "yes, but I can't announce it yet."
Anduril Confirmation Adds Fuel
Then came the Anduril news, which apparently got things really moving late Tuesday.
"Anduril is currently the customer of Velo," Jeldi confirmed. "We are combining our forces to get more contracts together."
It's not just a vendor relationship. Velo3D is already working on multiple Anduril programs and actively expanding both the number of parts and programs with the defense company. Given that Anduril is widely expected to go public in the coming years, being embedded as a key supplier could prove strategically valuable.
Beyond these marquee names, Jeldi highlighted the company's entrenched position with the U.S. Navy, Army and Air Force, plus commercial relationships with Lockheed Martin, General Dynamics and Kratos Defense.
The Financial Picture
This strategic update follows third-quarter results where Velo3D reported revenue of $13.64 million, narrowly beating analyst estimates. Management reaffirmed guidance to achieve positive EBITDA by the first half of 2026.
The company's new "Rapid Production Solutions" strategy targets high-margin recurring revenue from defense and space sectors rather than just selling machines.
"We are encouraged by the commercial market response to our Rapid Production Services (RPS), which is leading to repeat customer orders, new customer signings and strategic agreements across aerospace and defense," the company said in its third-quarter report.
What The Charts Say
Velo3D shares were up 19.73% at $7.89 at the time of publication Wednesday.
Currently, the stock is trading approximately 43.1% above its 50-day moving average of $5.15, suggesting strong short-term momentum. It's also 62.5% above its 200-day moving average of $4.53, which reinforces the strength of its long-term trend.
The stock's performance is particularly notable given its 52-week range of $2.81 to $8.28. At these levels, Velo3D has approached the upper end of that range, which means investors are betting the fundamentals can support higher valuations from here.
