Velo3D Stock Surge Following Russell Index Inclusion
On Monday, June 29, 2026, Velo3D Inc (NASDAQ:VELO) saw its share price rise by approximately 7.1%, with some market data reporting an 8.21% increase, after the company was added to both the Russell 3000 Index and the Russell Microcap Index. The inclusion took effect at the opening of the U.S. market on June 29 and is part of the first 2026 Russell index reconstitution, which selects up to the 4,000 largest U.S. stocks based on total market capitalization as of April 30.
Membership in the Russell 3000 Index will remain in place until the next semi‑annual reconstitution scheduled for December 2026. This status automatically places Velo3D in either the large‑cap Russell 1000 Index or the small‑cap Russell 2000 Index, as well as the relevant growth and value style sub‑indexes.
Russell indexes are widely used by investment managers and institutional investors for passive index funds and as benchmarks for active strategies. As of the end of May 2026, roughly $12.2 trillion of assets were benchmarked against the Russell U.S. indexes, indicating that Velo3D’s inclusion broadens its visibility to a substantial pool of institutional capital.
"Being added to the Russell 3000 and Russell Microcap indexes is an important milestone for Velo3D," said Arun Jeldi, Chief Executive Officer of Velo3D. He added that the company has made meaningful strides in transforming its business, advancing technology leadership, and creating shareholder value, and that the index inclusion expands exposure to the investment community.
Velo3D specializes in metal additive manufacturing, providing an integrated solution for aerospace and defense supply chains that includes the Flow print‑preparation software, the Sapphire family of printers, and the Assure quality‑control system.