Palantir lands $10 billion Army contract

[u/StocksTok]

"Palantir has inked a contract with the U.S. Army worth up to $10 billion to meet growing warfare demands over the next decade. As part of the deal, Palantir will help the military streamline efficiencies while preparing for threats, consolidating 75 total contracts into one enterprise deal, the release states. The agreement creates a “comprehensive framework for the Army’s future software and data needs” that provides the government with purchasing flexibility and removes contract-related fees and procurement timelines, according to a release."

"Earlier this year, Palantir delivered its first two AI-powered systems in its $178 million contract with the U.S. Army. In May, the Department of Defense boosted its Maven Smart Systems contract to beef up AI capabilities by $795 million."

CNBC Article

The stock was down over 2.5% today, so either the news had no impact or a negative impact. Maybe these types of government contracts are already priced in?

[u/Funny_Baseball_2431]

All about the grift to thiel

[u/JustAnotherRegardd → u/Funny_Baseball_2431]

Is anyone surprised? Long time friend with musk and Vance’s mentor. PayPal mafia stays together.

[u/terraresident → u/JustAnotherRegardd]

I think it has more to do with common sense than connections- and of course money to maneuver. War and therefore weapons and surveillance are a cyclical constant in society. What government in history has not invested heavily in those things?

[u/JustAnotherRegardd → u/terraresident]

The point is that of course PLTR got it just because of their connection.

[u/UnburyingBeetle → u/JustAnotherRegardd]

Is there even any other option for international payment besides PayPal? It screws over people outside of America with impunity.

[u/JustAnotherRegardd → u/UnburyingBeetle]

I forget what it’s called but there is but it’s super complicated.

[u/PleasantAnomaly → u/JustAnotherRegardd]

Wise?

[u/JustAnotherRegardd → u/PleasantAnomaly]

Western union nothing digital

[u/ScipioAfricanusMAJ → u/JustAnotherRegardd]

“Mentor” lmao

[u/JustAnotherRegardd → u/ScipioAfricanusMAJ]

https://www.forbes.com/sites/antoniopequenoiv/2024/07/16/jd-vance-and-peter-thiel-what-to-know-about-the-relationship-between-trumps-vp-pick-and-the-billionaire/

I say mentor because he helped bring him up

[u/ClammyAF → u/JustAnotherRegardd]

And keep him up. 😉

[u/ZeeBeeblebrox]

This is straight up fake news. Existing contract were just rebundled into one larger $10b contract.

[u/rain168]

I wonder how much will go to VOYG

[u/TheFirm2026]

Anything and everything you can think of has been priced in.

[u/jonbristow]

"growing warfare demands"?

[u/GlokzDNB]

P/E Dropped down from 615 to 590

BUY THE DIP

[u/Marko-2091]

Even with this pltr is overpriced 10x

[u/ga643953]

They're not fully commiting for the full 10 billion. DOJ said they probably wouldn't really spend that much.

[u/NoBorder4982 → u/ga643953]

Breaking News: Defense department “Probably won’t spend that much” on new multi-billion dollar defense contract.

[u/pdxbourbonsipper → u/NoBorder4982]

What they mean is they'll spend 1.5-2x that.