If Shares Of This Supplier Of Elon Musk's SpaceX Return To An All-Time High, You'd Fetch An 82% Return

Shares of Velo3D Inc (NYSE: VLD), the 3D printing firm that counts Elon Musk’s SpaceX among its key customers, have sunk well below their trading debut levels from September.

The stock touched an all-time high of $12.75 a share about a month and a half after Velo3D went public through a merger with blank-check firm Jaws Spitfire Acquisition Corp.

The stock closed 2.1% lower at $7 a share on Friday and is down 10.7% so far this year. 

Investors could get a return of 82% if they bought Velo3D at current levels and shares rebounded to their peak level.

Other than SpaceX, Benny Buller-founded Velo3D has worked with Honeywell International Inc (NYSE: HON), Boom Supersonic, and Lam Research, since its production launch in 2018.

Cathie Wood-led Ark Investment Management has been piling up shares in Velo3D, holding 7.48 million shares worth $53.5 million in Velo3D before Friday’s trade.

See Also: Cathie Wood Buys Another $800K In This Elon Musk-Led SpaceX's 3D Printing Partner

Photo courtesy: Velo3D