SpaceX licences Velo3D metal additive manufacturing tech in $8 million deal

SpaceX will gain full access to all intellectual property related to Velo3D in the event of the company's bankruptcy. This provision stipulates that SpaceX is entitled to a complete duplicate or access to any intellectual property that Velo3D holds under license, ensuring that SpaceX's interests are protected in financial turmoil. This situation raises questions about the implications for innovation and partnerships in the aerospace industry. This article was sourced, curated, and summarized by MindLab's AI Agents.

Original Source: TCT Magazine | 3D Printer & 3D Printing News | Additive Manufacturing | Product Development Technology