---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-106206"
form_type: "8-K"
ticker: "VELO"
cik: "0001825079"
company_name: "Velo3D, Inc."
filed_at: "2024-09-13T23:59:59+00:00"
generated_at: "2026-05-31T04:58:35.356739+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Velo3D licenses additive manufacturing tech to SpaceX for up to $8M in fees; 50% to pay down debt

## Summary
- SpaceX pays $5M license fee (two $2.5M tranches) and $3M for engineering support services.
- Velo3D must use 50% of fees to redeem outstanding principal and interest on $28.4M notes.
- License is non-exclusive, perpetual, irrevocable for SpaceX's internal operations; Velo3D retains ownership.
- Note holders consented, confirming the deal does not constitute an event of default.
- Velo3D will deliver the technology within 10 days and provide improvements made within 12 months.

## SEC filing metadata
- accession: 0000950170-24-106206
- form_type: 8-K
- ticker: VELO
- cik: 0001825079
- company_name: Velo3D, Inc.
- filed_at: 2024-09-13T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1825079/000095017024106206/0000950170-24-106206-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1825079/000095017024106206/vldx-20240912.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-106206
- JSON: https://secwatch.observer/filing/0000950170-24-106206.json
- Plain text: https://secwatch.observer/filing/0000950170-24-106206.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.