Velo3D stock surges on SpaceX Raptor engine confirmation
Velo3D Inc shares gained 9.31% to $25.24 as CEO Arun Jeldi confirmed the SpaceX Raptor engine is built on a 'pure Velo platform' and that the company is producing parts for the Raptor 4 engine. The stock remains in a strong uptrend, trading above all major moving averages, with resistance at $26.50. Upcoming earnings on Aug. 26, 2026, are expected to show a loss of 35 cents per share on $12.56 million revenue.
*this image is generated using AI for illustrative purposes only.
Velo3D Inc shares rose 9.31% to $25.24 on Tuesday, reversing recent losses as CEO Arun Jeldi confirmed that the most recent SpaceX Raptor engine is a "pure Velo platform." The stock's advance follows a volatile period where traders cashed in gains after a 34% surge, driven by renewed excitement surrounding the Space Exploration Technologies Corp (SpaceX) IPO and aerospace partnerships. Despite the sharp pullback recorded in the prior session, the broader market backdrop remains supportive, with the Nasdaq and S&P 500 posting gains.
CEO Confirms SpaceX Raptor Engine Role
Arun Jeldi confirmed SpaceX as a customer during a presentation at RedChip’s Future Tech Investor Conference. He stated that there are "five major parts" in SpaceX Raptor engines specifically qualified for the Velo3D platform. Jeldi noted that Velo3D supplied the original machines used by SpaceX in 2018 and 2021 and confirmed that the recent Raptor engine is produced through Velo technology. Additionally, Velo3D is currently producing parts for the next-generation Raptor 4 engine. Discussions regarding potential expansion beyond the 25 Velo3D machines SpaceX currently operates are underway, with additional orders considered likely.
Technical Trend Remains Intact
Velo3D maintains a strong long-term uptrend, trading above its 20-day, 50-day, 100-day, and 200-day simple moving averages. The 20-day average at $21.68 sits above the 50-day average at $16.78, reflecting a firm short-term trend. A golden cross that formed in January, when the 50-day moving average moved above the 200-day moving average, continues to support the bullish momentum. The stock is trading approximately 16% above its 20-day average and 127% above its 200-day average of $11.08.
| Metric | Value |
|---|---|
| 20-day SMA | $21.68 |
| 50-day SMA | $16.78 |
| 200-day SMA | $11.08 |
| Key Resistance | $26.50 |
Momentum indicators suggest the stock is not overbought. The Relative Strength Index (RSI) sits at 54.49, a neutral zone indicating a more balanced tape compared to extreme readings in May. The MACD remains above its signal line, suggesting the broader uptrend is intact. Traders will watch for the stock to hold support near the 20-day moving average, while resistance sits near $26.50.
Earnings And Analyst Outlook
The next major catalyst for Velo3D is its earnings report, scheduled for Aug. 26, 2026. Wall Street expects the company to report a loss of 35 cents per share on revenue of $12.56 million. In recent analyst action, Lake Street reiterated its Buy rating and raised its price forecast to $20 on May 13.
What is the estimated timeline for finalizing the expansion of Velo3D machines beyond the current 25 operated by SpaceX?
How will the production of parts for the next-generation Raptor 4 engine impact Velo3D's revenue in the upcoming fiscal year?
What specific metrics should investors watch in the Aug. 26, 2026 earnings report to gauge the success of the SpaceX partnership?
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