Professional
Added to YB: 2026-06-29
Pitch date: 2026-06-25
VELO [bearish]
Velo3D, Inc.
Author Info
Morpheus Research was founded in 2025 by a team of financial analysts dedicated to exposing fraud and corporate misconduct in financial markets.We publish deep-dive investigative research on companies that we feel are fundamentally misunderstood by the market. While our research may lead to uncomfortable conclusions, we strive only to offer the truth. Sign up for the newsletter.
Company Info
Velo3D, Inc. produces and sells metal additive three-dimensional printers in the Americas, Europe, and internationally.
Market Cap
$495.9M
Pitch Price
N/A
Price Target
N/A
Dividend
N/A
EV/EBITDA
-12.04
P/E
-6.05
EV/Sales
9.85
Sector
Machinery
Category
turnaround
Velo3D: How A Physical Therapist With A Bogus Resume Parlayed A Failed SPAC And A Sham Relationship With SpaceX Into A $390 Million Dollar Fortune
VELO (short): Morpheus short on 3D printer co at 10.7x P/S (858% peer premium) despite flat rev, consistent losses, $505M deficit. SpaceX relationship dead since 2024 (IP license lets them build in-house); defense deals (Momentus, $32.6M DoW, $9.8M DLA) yield ~zero revenue. CEO Jeldi's resume fabricated (physical therapist, not doctor; shell cos, litigation). Unreliable printers (20-40% uptime vs EOS 70%+), losing Lockheed to Nikon SLM. 129% dilution, 7 material weaknesses, mass exec turnover; CEO pledged $54M shares.
Read full article (29 min)