SPACs are starting to form small herds. First, there was Velodyne and all the LiDAR stocks that followed it. Now, 3D printing metal stocks are forming a clique. First, Desktop Metal, then Markforged, and now Velo3D, a company we first came across back in 2017. Back then, they were operating under the radar, and today, they’re flaunting their assets in a glossy SPAC deck. Velo3D plans to merge with JAWS Spitfire Acquisition Corporation (SPFR) making it the third 3D printing metals company that’s gone public using a special purpose acquisition company (SPAC).
About Velo3D Stock
Founded in 2014, San Francisco startup Velo3D has taken in around $150 million in funding from names that include