Last week:

• Palantir signed a $300mn Blanket Purchase Agreement (BPA) with the Department of Agriculture. The goal is to support the National Farm Security Action Plan (NFSAP) and modernize how USDA delivers services to America’s farmers.

“Within 62 minutes of opening, the program broke all prior USDA records for online farmer sign-ups — allowing farmers to enroll without visiting a county office and delivering over $4.4 billion directly to farmers in the program’s first five days.” - Palantir press release

• Palantir expanded the Ukraine Partnership for Reconstruction.

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Last week:

• Palantir announced it will release its Q1 financial results after the market close on May 4th.

• Palantir has been reported to compete with Thales and Air Space Intelligence for a US Federal Aviation Administration AI tool for air traffic management.

“So far the FAA has received $12.5 billion from Congress for the project but has said it’ll need about $20 billion more to complete the overhaul.” - Bloomberg

• The Former Deputy Director of Data Engineering at NHS England entered the debate on the Federated Data Platform with a detailed article:

“What Palantir retains is intellectual property in Foundry, their own platform software. That is no different from Microsoft retaining IP in Excel while users own the spreadsheets they create.” - Tom Bartlett, Founder, Bartlett Data

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Last week:

• Palantir’s stock dropped ~15% as Michael Burry tweeted (and deleted) that “Anthropic is eating Palantir’s lunch”:

  

• David Sacks at the All In podcast disagreed on the recent SaaS selloff:

“Does all that value get eaten by the model companies, or do applications get turbocharged? I guess you can say that Palantir is one of them. It’s an application company that has been turbocharged by these models.”- David Sacks

• Citi also disagreed, iterating its Palantir target at $260:

“Palantir is one of a number of software players “demonstrating clear growth acceleration, often supported by consumption-based models.” - Citi

• Palantir won a sole contract for FAALC data modernization and AI integration:

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Is this the biggest endorsement of all time?

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Last week:

• Forbes wrote an article on Palantir’s Agentic AI approach:

“Palantir has replaced traditional, protracted sales cycles with AIP AgentCamps - intensive, five-day workshops where potential clients create live, functional agents utilizing their proprietary data. Deployments that once required hundreds of engineers on the ground and extended to months are now accomplished in days.” - Forbes

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Last week:

• Palantir and Bain deepened their global partnership. This is an expansion of the partnership arranged in May of last year.

• Palantir signed a 5-year expansion with Stellantis to broaden Foundry and AIP across regions and functions. Stellantis and Palantir started collaborating in 2016.

• DA Davidson released a powerful note after AIPCon:

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Last week:

• Palantir and Moder partnered to co-build an AI-powered mortgage operations platform.

• Maven became an official Program of Record for the US Military, the ultimate milestone for a technology. This marks a transition from being a “temporary experiment” to a “permanent foundation” (read “huge long-term contracts coming.”)

• Wedbush reiterated an Outperform rating and $230 price target.

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Last week:

• Palantir partnered with LG CNS to drive AI across the LG Group. Palantir was first deployed in late 2025 within an affiliate of LG Group. LG CNS will form a dedicated FDE team.

• Palantir partnered with GE Aerospace to transform military readiness:

“GE Aerospace uses Palantir AIP across select supply chain functions, helping orchestrate activities including fulfillment, sourcing, allocation, maintenance, repair, and customer service.” - Palantir press release

• Palantir and Nvidia deepened their partnership to deliver a sovereign AI OS reference architecture. The Sovereign AI architecture allows enterprises total control over their data, AI models, and applications.

“AI is redefining the infrastructure stack. By combining Palantir’s sovereign AI OS reference architecture with NVIDIA AI infrastructure, industries and nations can turn data into intelligence with speed, efficiency, and trust.” - Justin Boitano, vice president, Enterprise AI Platforms, NVIDIA

• Palantir partnered with Ondas and World View to advance the capabilities of the Multi-Domain Intelligence Platforms designed to scale persistent stratospheric, aerial, and land-based ISR missions. Together, the companies will develop three foundational programs:

  • Palantir Warp Speed;

  • AI Flight Director;

  • SkyWeaver.

• Palantir partnered with Polymarket and TWG to police sports betting.

• Palantir held its 9th edition of AIPCon. Among key customers:

  • US Navy;

  • World View;

  • SAP;

  • Accenture;

  • GE Aerospace.

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Last week, Palantir's stock rebounded to $157, supported by major public recognition.

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Last week:

• Palantir partnered with GE Aerospace to increase the J85 engine's readiness. The initial seven-month contract includes a four-year, five-month option period.

• Palantir expanded its Maven Smart System (AI targeting) in the Czech Republic.

• Palantir’s partner OneMedNet announced the launch of its Real-World-Data Platform powered by Foundry.

• Valar Atomics’ CEO disclosed his startup is using Palantir. Valar is one of the most valuable nuclear startups (my favourite one). In November, it raised $130mn led by Snowpoint Ventures and backed by Anduril’s founder, Palmer Lucky, and Palantir’s CTO, Shyam Sankar.

  

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Hey, we got mentioned on TV 🙌

Thank you, Mike!

Last week:

• Palantir won a deal worth up to $1bn with the US Department of Homeland Security to expand the use of AI across its agencies without initiating separate competitive contracts for each deployment.

“DHS is expected to use Palantir’s platforms to support investigative case management, threat identification, logistics coordination and operational planning” - Palantir press release

• Palantir partnered with Rackspace to enhance Governed Managed Operations in Rackspace’s Private Cloud and UK Sovereign data centers.

“As part of this collaboration, Rackspace has 30 Palantir-trained engineers to provide data migration and apply a forward deployed approach to solving high impact customer problems and is on track to scale to over 250 in the next 12 months.” - Palantir press release

• Burry released an additional article to his short thesis. Among the claims, Burry argued that Alex Karp is spending too much on travel…

• Palantir was recognized as a winner in 15 categories of the 2025 Dresner Advisory Services Awards, including Semantic Layer, Agentic AI, and AI/Data Science/Machine Learning.

• Mizuho upgraded Palantir’s price target to $195:

“With PLTR's 2026E EV/FCF valuation multiple having fallen 46% in the first six weeks of the year, we believe the de-rating has occurred and that the risk/reward is now attractive." - Gregg Moskowitz, Mizuho

• Palantir moved its headquarters to Miami.

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Last week:

• Palantir signed a multi-year expansion with Airbus with a contract rumored to be ~$1bn over 10 years. Airbus is a client since 2015. Together they develoeped Skywise, which counts +50,000 users.

• Palantir won a 5 year $1bn contract from the Office of Procurement Operations.

• Palantir partnered with Sibyl, French consultancy, to spread AIP and Foundry.

• Palantir partnered with Instinctools, German AI-powered software engineering company, to add Foundry and Palantir AIP to their portfolio of products.

• Michael Burry realeased $46 target short thesis. Here is the story:

Is Burry a bit nervous?

DA Davidson analysts suggest Burry should just find a new hobby…

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Type-F Capital Equity Research

Palantir: I read Burry's 10,000 word short thesis, and he's wrong

I want to preface my response to Michael Burry’s short thesis by mentioning that I am a fan of Dr. Burry and his work. However, in the case of Palantir, the narrative presented is one that disregards core drivers of the business and ultimately is not rooted in reality…

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2 months ago · 28 likes · Emir M

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Last week:

• Palantir delivered shocking Q4 results:

  • +70% YoY Revenue Growth;

  • +137% YoY US Commercial Revenue Growth;

  • +49% YoY US Commercial Client Count;

  • 57% EBIT Adj. Margin;

  • 43% Net Profit Margin.

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Today, Palantir will release its Q4 earnings after market close. Join me on Amit’s stream.

My thoughts:

Here is the list of Q4 deals you need to know:

Last week:

• Palantir’s Elite Partner Northslope raised $22mn to scale its business:

“The Series A raise follows a breakout year in which Northslope delivered customer outcomes in production across multiple industries and grew revenue nearly 7x.” - Yahoo Finance

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Editor: Emanuele Marabella

Palantir’s recent contractual activity was intense.

Here are the contracts you need to know before the Q4 results (Monday 2nd, February, after market close):

• $440mn deal with the US Navy to provide Ship OS;

• $200mn with Lumen to support AI in complex, multi-cloud environments;

• $100mn sole contract from the IRS;

• NVIDIA partnership to operationalize AI;

• Teton Ridge partnership in collaboration with TWG AI and Nvidia;

• DGSI (France’s intelligence) multi-year renewal with the DGSI;

• IG expansion to assess portfolio risks;

• Cubic partnership to deliver outcomes to shared military customers;

• Accenture extension by forming the Accenture Palantir Business Group;

• Snowflake partnership to integrate AI Data Cloud with Foundry and AIP;

• US Department of Energy agreement to advance the Genesis Mission;

• Northslope expansion;

• Exiger partnership to accelerate Defense acquisition;

• PwC UK multi-year partnership;

• FTAI Aviation multi-year partnership to reduce manufacturing costs;

• Multiverse partnership to launch NHS FDP Apprenticeships Programs;

• Dubai Holdings partnership to launch Aither JV;

• Stagwell partnership to launch a new AI marketing platform built on Foundry;

• Valoriza partnership (Spanish environmental services);

• OneMedNet partnership to advance healthcare AI.

Meanwhile in Q1 2026:

• HD Hyundai expanded its partnership;

• Innodata partnership.

This article is free, but if you find my work useful, you can support it with a paid subscription at the link below. Grazie! ❤️

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Last week:

• Palantir and HD Hyundai expanded their partnership, which began in 2021, to an enterprise-wide deal. According to Reuters, the deal is worth “hundreds of millions” over several years.

“This alliance broadens platform access and collaboration across the full spectrum of HD Hyundai’s business, including electric systems, robotics, and marine aftermarket service, bringing the advanced AI tech and capabilities to the entire HD Hyundai ecosystem.” - Palantir press release

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Last week:

• Palantir announced it will release its Q4 earnings results on Monday, February 2nd, following the close of U.S. markets.

• Palantir CTO Shyam Sankar was interviewed by Fox News:

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a16z

The Palantirization of everything

There’s a new aspiration in startup pitch decks: “We’re basically Palantir, but for X…

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3 months ago · 260 likes · 5 comments · Marc Andrusko

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Last week:

• Truist initiated coverage on Palantir, calling it a “best in class AI asset.” Target price: $223, representing a 25% upside.

"We acknowledge the significant valuation premium PLTR commands, but continue to see a Buy opportunity given its significant opportunity to drive GenAI adoption for governments and enterprises.” - Truist

• Palantir’s CTO had an interview with Fox Business:

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Palantir closed the year with +120% performance, outperforming the S&P 500 by over 100%.

Is the best still to come?

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Outside is cold, but I feel protected. Happy New Year!

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Editor: Emanuele Marabella

Last week:

• Palantir announced a multi-year renewal with the DGSI, France’s intelligence agency. Palantir has been a partner with the DGSI since 2016.

• Palantir deepened the partnership with Accenture by forming the Accenture Palantir Business Group. In addition, Accenture has been named a Palantir preferred global partner for enterprise transformation.

• Palantir got an agreement with the US Department of Energy to advance the Genesis Mission. Palantir and 23 other organizations will collaborate to leverage AI to drive energy innovation.

• Palantir and AIG expanded their partnership to use Foundry and AI agents to assess the portfolio risks of Blackstone x Amwins' new syndicate.

• Palantir is on the SHIELD DoD award list, which has a $151bn ceiling.

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