🎯 Closer to $1.5bn deal | Palantir Bullets #91

NY Times Karp article, Air mobility OS, South Korea defense

Palantir reached $32 per share, generating a staggering performance of +122% YoY.

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Editor: Emanuele Marabella

Last week:

• The New York Times published a deep article on Palantir CEO Alex Karp, which touched on insights into the company, his personal life, and his relationship with Peter Thiel (here are the best takes).

"The only solution to stop A.I. abuse is to use A.I.” - Alex Karp, Palantir CEO

• Palantir signed an agreement with Surf Air to power Surf Air Technologies, a new venture, as the AI Operating System for the advanced air mobility industry. Surf Air has been a client since 2021. Thanks to Palantir, Surf Air achieved +25 % revenue per trip, creating the foundation for SurfOS. With Surf Air Technologies, Palantir will help Surf Air extend and sell the tools to multiple brands beyond just Surf Air (my analysis).

• Palantir partnered with LIG Nex1, a leading South Korean defense contractor, to develop advanced weapon systems that leverage big data. They signed a memorandum of understanding to power systems, which include unmanned surface vehicles, small synthetic aperture radar satellites, mine clearance, and electromagnetic spectrum operations.

• The US Government released a bid of up to $1.5bn for producing approximately 94 TITAN systems between FY26 and FY31 (great spot by @PLTRs_Palantir). As a reminder, Palantir won a $184mn agreement in March to develop and produce 10 TITAN prototypes in collaboration with Anduril and other defense contractors, and last week, it sent the first prototype to the Army.

Palantir’s S&P500 inclusion seems closer and closer:

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Yours,
Arny

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Disclaimer: The views and opinions expressed above are current as of the date of this document and are subject to change without notice. Materials referenced above will be provided for educational purposes only. None of the above will include investment advice, a recommendation or an offer to sell, or a solicitation of an offer to buy, any securities or investment products.