Velo3D: Fraudster Parlayed a SPAC and Sham Relationship with SpaceX into $390M (opens in new tab)

Summary * Velo3D (NASDAQ: VELO) (“Velo”) is a California-based additive manufacturing company that went public during the 2021 SPAC boom with backing from tennis superstar Serena Williams and SpaceX. SpaceX also served as the anchor customer for Velo’s Sapphire brand of 3D printers. Velo severely missed its SPAC projections