Palantir’s win: a boon for EO?

6/16/2023 - Written By Kimberly Siversen Burke

Fresh off its $463M USSOCOM contract last week, Palantir Technologies (NYSE: PLTR) just landed another $110M in three, one-year, firm-fixed-price contracts for its Data-as-a-Service Platform. The contract tasks Palantir with ingesting data from across functional and geographic domains to support space situational awareness, command & control, etc.

Peter Thiel seems well on his way to creating an AI-fueled data dynasty at Palantir with the help of DoD dollars and a recent nod from Cathy Wood-led Ark Investment. This could mean good news for the EO sector and two companies in particular if we were to take a guess. Palantir was an early PIPE investor in BlackSky (NYSE: BKSY) and has cozied up to Satellogic as well.

SOURCE: https://www.govconwire.com/2023/06/palantir-to-provide-data-as-a-service-platforms-under-3-air-force-contracts/#:~:text=A%20Palantir%20Technologies%20(NYSE%3A%20PLTR,control%20and%20decision%2Dmaking%20operations.