![]() “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 on Wednesday. The share price jump follows Sternlicht’s reveal to CNBC that Tesla (NASDAQ: TSLA) CEO and founder Elon Musk was interested in buying Velo3D though the tech maker didn’t want to sell. Velo3D specializes in technology for 3D metal printing, boasting of its ability to manufacture previously difficult geometries and forms. SPFR came public in December, raising $345 million in an initial public offering on the expectations it would focus on growth-oriented consumer-technology and related businesses. Tuesday’s announcement confirmed earlier reports that former Starwood Hotels mogul Barry Sternlicht’s special purpose acquisition company (SPAC) would merge with the maker of 3D metal printers.
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