Tuesday, October 26, 2021 11:20:33 PM
That being said Elon Musk attempted to buy VELO3D in 2018 in a apparent bid of over 2 billion dollars. How ever the company CEO rejected the offer. Why you may ask? because the CEO of VELO3D who developed this disruptive technology and over 50 patents said they will be worth a significant amount more. Remember this is when they were private and not publicly traded.
Elon Musk has said he intends to to manufacture over 800-1000 spaceX raptors engines each year for the next 15 years to develop his mars mission using VELO3D Technology.
VELO3D is the only company according to Elon Musk that can manufacture spaceX rocket engines. In fact Elon Musk said there 5 years ahead of everyone in the world and there space program wouldn't exist if it was not for VELO3D.
Fast forward now Tesla has hinted that future car models including Tesla Solar will be implementing 3D printing to reduce manufacturing costs.
It is not out of the question now that VELO3D is a publicly traded company that Elon Musk buy a majority stake in the company or buys them out completely.
No timelines in place and this is just based on speculation of previous conversations and attempts made by Elon musk Toby them out.
In my opinion this is would boost Tesla profits immensely and also give people chance to invest backdoor into spaceX .
Read More Here !
Meanwhile, Elon Musk is rumoured to be making another buyout offer for VELO3D !!! This could be a game changer for booth Tesla and SpaceX !!
The SPAC Of Elon Musk-Led SpaceX's Partner Velo3D Is Down 8.6% This Year And Cathie Wood Sees Opportunity
Quote:
Cathie Wood-led Ark Invest has been continuously piling up a stake in Jaws Spitfire Acquisition Corp
SPFR
this year. The special purpose acquisition company is set to take a partner of Elon Musk-led SpaceX public.
Ark Invest has piled up a total of 3.75 million shares — worth $37.54 million — as of Friday’s trades.
Shares of the company, backed by tennis player Serena Williams and founded by billionaire Barry Sternlicht— the chairman of Miami-based investment firm Starwood Capital Group— have fallen 8.6% at $9.99 so far this year.
Jaws Spitfire is expected to take 3D printing company Velo3D public later this year, which is expected to list under the "VLD" ticker on the New York Stock Exchange.
Elon Musk was interested in buying Velo3D, though company didn't want to sell [/color]
Tesla (NASDAQ:TSLA) CEO and SpaceX (SPACE) founder Elon Musk was interested in buying Velo3D, the 3D printing company that's being taken public by Barry Sternlicht's Jaws Spitfire SPAC (NYSE:SPFR), though Velo3D didn't want to sell.
"Elon wanted to buy Velo3D, they didn't want to sell, so we had an opportunity to take them public," Sternlicht said in a CNBC interview.
Sternlicht added that Velo3D "could even get acquired because they are the probably the leader in their field in an area they can only serve."
SPFR gained 1.2% in premarket trading.
Yesterday, Barry Sternlicht's JAWS Spitfire SPAC confirms deal for Velo3D.
Now Read: Stocks To Watch: Tesla, Netflix And Intel Headline Huge Week Of Earnings
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Tesla +Elon Musk is said to have offered over 2 billion to purchase the company. How ever the CEO said he is confident that VELO3D will be worth several billions more.
Tesla +This is one of the best companies to have come to play since Tesla. Not only did Elon Musk want to buy them out, but they are the only ones in the world that can manufacture SpaceX rocket engines.
Tesla +Elon Musk said there technology is 5 years ahead off there competitors. They have over 40 patents that in itself are said to be worth billions.
Tesla +The company is backed by one of the most reputable angel investors in the industry + you have Ron Barron one of the largest investors in Tesla + Cathy woods + Elon Musk.
Tesla +I think this is a once in a life time opportunity to get in on the ground floor of another Tesla like stock in the making.
Tesla + The CEO is a genius and is the one for creating the technology and patents. He Also one a noble prize from the government of Israel for outstanding contribution to the advancement of technology.
Tesla + The CEO expects the company to profitable with in the next 6 months or by mid 2022. By 2026 he expects the company conservatively to be generating revenues of close to a billion.
Tesla +You can read about them there. I would not be surprised if Elon Musk attempts to make another buyout offer now that the company is public. Considering spaceX is 100% dependent on the technology and Tesla + solar city can also greatly benefit.
You can read here:
https://www.sec.gov/Archives/edgar/data/1825079/000110465921040078/tm2110566d1_ex99-2.htm
BARRON CAPITAL ! news just out !
RECENT PURCHASES
https://www.baronfunds.com/sites/default/files/Baron-Growth-Fund-letter-9.30.21.pdf
This quarter we initiated a position in additive manufacturing vendor Velo3D, Inc. Velo produces a full-stack hardware and software solution based on proprietary powder bed fusion additive manufacturing technology. Its technology enables support-free production of highly complex, mission- critical metal parts.
Additive manufacturing has always promised cost-efficient design freedom, inventory reduction, part consolidation, and less waste compared to traditional manufacturing methods. Adoption has been gated by the need that parts be specifically “designed for additive” and frequently required support structures to prevent warpage, significantly reducing the purported benefits. Velo’s unique technology eliminates the need for these support structures, enabling customers to unlock the true value proposition of additive manufacturing by avoiding inefficient redesign and wasteful additional processing steps associated with supports. Velo’s products give customers in space, aviation, defense, energy and industrial markets the freedom to design and produce metal parts with complex internal features and geometries that had previously been considered impossible to produce with additive manufacturing. Customers such as SpaceX, Honeywell, and Lam Research all use Velo’s technology today, and many
plan to expand the technology to additional applications.
We believe Velo is uniquely positioned to create a new market for additive manufacturing that legacy systems could not support. The high-value metal parts market today is approximately $100 billion, with additive manufacturing only holding a 2% share. We expect the market to grow to be $180 billion by 2030, of which $20 billion will be exclusively served by support-free printing capabilities. We expect Velo to accelerate product development, sales, and marketing efforts to enhance its technology leadership and penetrate additional use cases, customers, and geographies. Velo will also release its larger and faster SapphireXC printer in late 2021, which already has a strong bookings and pre-order backlog to support near- term growth targets. Customers have the option to purchase the hardware outright or to subscribe to a hardware-as-a-service model, which provides Velo with a recurring revenue stream based on its existing footprint. Finally, we believe that CEO and founder Benny Buller has built an exceptional management team.
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