In late 2024 and through 2025, SpaceX moved from being just a customer to a strategic lifeline for Velo3D $VELO ($273B market cap). SpaceX signed an $8 million deal to license Velo3D’s technology. Crucially, the deal includes a "bankruptcy protection" clause: if $VELO goes under, SpaceX gets a complete duplicate of the intellectual property to continue its own production. While $8 million helps, $VELO's annual revenue for 2025 was $46 million, yet they still posted a GAAP net loss of over $71 million. SpaceX's support temporarily helped keep the lights on, but it doesn't solve the core issue of massive operational overhead. Will SpaceX be there to help again if they already have a pathway to IP rights? All time weekly chart in first view. Second view is daily and more recent price action.