1753, from French ellipse (17c.), from Latin ellipsis "ellipse," also, "a falling short, deficit," from Greek elleipsis (see ellipsis). So called because the conic section of the cutting plane makes a smaller angle with the base than does the side of the cone, hence, a "falling short." The Greek word was first applied by Apollonius of Perga (3c. B.C.E.). to the curve which previously had been called the section of the acute-angled cone, but the word earlier had been technically applied to a rectangle one of whose sides coincides with a part of a given line (Euclid, VI. 27).
word-forming element meaning "like, like that of, thing like a ______," from Latinized form of Greek -oeidēs (three syllables), from eidos "form," related to idein "to see," eidenai "to know;" literally "to see" (from PIE *weid-es-, from root *weid- "to see"). The -o- is connective or a stem vowel from the previous element. Often implying an incomplete or imperfect resemblance to the thing indicated.
<a href="https://www.etymonline.com/word/ellipsoid">Etymology of ellipsoid by etymonline</a>
Harper, D. (n.d.). Etymology of ellipsoid. Online Etymology Dictionary. Retrieved $(datetime), from https://www.etymonline.com/word/ellipsoid