The metal additive manufacturing technology firm Velo3D, Inc. announced on Monday that it has been officially added as a constituent stock of the Russell 3000 Index and the Russell Microcap Index. This inclusion took effect at the opening of the U.S. market on June 29th, as part of the 2026 annual reconstitution of the Russell indexes.
The Russell index family, maintained by FTSE Russell, serves as a widely used market benchmark within the U.S. investment community. According to its methodology, the largest 4,000 U.S. stocks by market capitalization are ranked each May, with the official reconstitution occurring after the close on the last Friday in June. The Russell 3000 Index encompasses the 3,000 largest companies, representing approximately 98% of the total U.S. investable equity market. Data as of the end of May 2026 indicates that roughly $12.2 trillion in assets are benchmarked to the Russell U.S. indexes.
Velo3D, Inc. CEO Arun Jeldi stated that inclusion in these widely followed indexes is a significant milestone for the company. As the company continues to advance its business transformation and technology leadership, this inclusion is expected to broaden its exposure within the investment community, potentially enhancing stock liquidity and attracting greater attention from institutional investors.
Velo3D, Inc. specializes in metal 3D printing solutions, with core products including its Flow print preparation software, Sapphire series printers, and Assure quality control system. Its client base features leading aerospace and defense companies such as SpaceX and Honeywell. Disclosed during an investor day earlier this month, the company's market capitalization is approximately $496 million, and its share price has increased over 126% in the past year.
Its status as a constituent of the Russell 3000 Index will remain until the next semi-annual reconstitution in December 2026. The objective, rules-based methodology for determining constituents, based on market capitalization rankings and style attributes, implies that as the company's market value changes, it may be dynamically reclassified in the future between the Russell 1000 (large-cap) and Russell 2000 (small-cap) indexes.
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