Key Points
- Shares of Velo3D advanced 7.1% Monday following the company’s inclusion in both the Russell 3000 and Russell Microcap indexes
- The metal 3D printing firm officially entered both benchmarks on June 29 during the 2026 annual reconstitution process
- Approximately $12.2 trillion in investment assets track Russell US indexes based on May 2026 data
- The company’s market capitalization reached around $496 million, with shares posting gains exceeding 126% year-over-year
- The additive manufacturing specialist will maintain Russell 3000 membership through December 2026’s next reconstitution
Shares of metal additive manufacturing specialist Velo3D (VELO) rallied 7.1% Monday following the company’s addition to both the Russell 3000 Index and Russell Microcap Index, which became effective June 29.
The inclusion occurred during the initial 2026 reconstitution of Russell indexes, an annual process that evaluates and ranks the top 4,000 U.S. companies by total market capitalization based on April 30 data.
For smaller publicly traded companies, Russell index inclusion carries significant weight. As of late May 2026, approximately $12.2 trillion in investment capital was benchmarked to Russell US indexes.
This massive pool of passive investment capital typically flows into newly added stocks, as fund managers who track these indexes must purchase shares to maintain accurate index representation.
Prior to Monday’s announcement, VELO had already demonstrated impressive momentum. Over the preceding 12-month period, the stock had appreciated more than 126%, bringing its market capitalization to approximately $496 million entering June.
CEO Arun Jeldi expressed enthusiasm about the development. “Being added to the Russell 3000 and Russell Microcap indexes is an important milestone for Velo3D,” he stated.
“We have made meaningful strides in transforming the company, advancing our technology leadership, and creating value for shareholders. Inclusion in these widely followed indexes broadens our exposure to the investment community.”
Companies included in the Russell 3000 are automatically categorized into either the large-capitalization Russell 1000 or small-capitalization Russell 2000, along with corresponding growth and value style indexes.
Based on Velo3D’s present market capitalization, the firm qualifies for inclusion in both the Russell 2000 and Russell Microcap categories — representing the smaller end of the market spectrum while still delivering significant institutional investor visibility.
Velo3D’s Business Model
Velo3D specializes in metal 3D printing solutions designed primarily for aerospace and defense industry supply chains. The company’s product portfolio encompasses Flow print preparation software, the Sapphire printer series, and the Assure quality assurance platform.
Notable clients include SpaceX and Honeywell — relationships that underscore the company’s credibility within defense and aerospace manufacturing sectors.
Duration of Index Membership and Future Outlook
Velo3D’s Russell 3000 membership remains guaranteed through December 2026’s semi-annual reconstitution event. During that review, the company could potentially migrate between the Russell 1000 and Russell 2000 based on market capitalization fluctuations.
FTSE Russell oversees these benchmark indexes, which rank among the most extensively utilized standards for U.S. equity portfolio managers.
Monday’s 7.1% stock appreciation follows a familiar trend observed when smaller companies gain entry to major indexes — an initial buying surge fueled by passive fund inflows and heightened institutional interest.



