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Palantir tops $100

Well, the numbers were good and the market likes it. Palantir delivered a classic beat and raise. Its commercial numbers — where it’s been talking up the reception of its AI offerings — were better than expected, rising 64% compared to the prior year. Net income was a better-than-expected $79 million. (The Street had expected $48 million.) We’ll see if there’s any shift during the company’s conference call, which is currently underway.

And yes, there’s a fair bit of victory-lap-taking going on over on some of the Palantir-focused subreddits.

Posts from the pltr
community on Reddit

And yes, there’s a fair bit of victory-lap-taking going on over on some of the Palantir-focused subreddits.

Posts from the pltr
community on Reddit

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SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

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