Jaws Spitfire Acquisition + Ticker Symbol SPFR is rumoured to be bought out by Elon Musk !!! The space company will be merging with VELO3D on September 28th 2021.
VELO3D is presently the sole provider for spaceX rocket engines. Elon Musk attempted to buy them out before but the CEO of VELO3D didn't want to sell.
Now that the company is going public , it is rumoured Elon Musk will make another offer to buy them out. If anyone is interested in buying into SpaceX this might be your only and last chance before the starling IPO.
Think about it SpaceX is already having they're rocket engines made by them and Tesla is said two be having next generation parts made. There only trading at $10.00 pre merger and have only 35 million shares traded. Backed by Rob Barron and Cathy Woods ! It will be the next Tesla !!! Don't miss your chance.
The SPAC Of Elon Musk-Led SpaceX's Partner Velo3D Is Down 8.6% This Year And Cathie Wood Sees Opportunity
Cathie Wood-led Ark Invest has been continuously piling up a stake in Jaws Spitfire Acquisition Corp (NYSE: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.
Velo3D is a 3D printer supplier for SpaceX, the space exploration company led by Musk, who also heads Tesla Inc (NASDAQ:TSLA).
Ark Invest owns shares in Jaws Spitfire via the Ark Autonomous Technology & Robotics ETF (BATS:ARKQ) and the Ark Space Exploration & Innovation ETF (BATS:ARKX).