Velo3D Stock Extends Rally Following SpaceX IPO Filing

benzinga_article
2026.05.22 18:19
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Velo3D (NASDAQ:VELO) shares surged 9.49% to $22.26 on Friday, driven by optimism surrounding SpaceX's IPO filing, which aims to raise $75 billion. The positive sentiment in the market, particularly for advanced manufacturing stocks, has bolstered Velo3D's performance, as it is seen as a key partner for SpaceX in producing complex aerospace components. The stock has shown a strong uptrend, up 551.93% over the past year, although it is approaching overbought territory.