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Report spotlights Palantir’s work on ICE deportations

Independent tech news site 404 Media reported on recent payments to Palantir from US Immigration and Customs Enforcement for modifications to a database the data analytics software company built for the agency in 2022.

“The records show that Palantir is actively working on, and making updates to, the technical infrastructure underpinning the Trump administration’s mass deportation efforts,” 404 Media’s Joseph Cox wrote.

The report sheds light on some of the contracting work that Palantir does for the US government, which remains the company’s single largest customer.

The report sheds light on some of the contracting work that Palantir does for the US government, which remains the company’s single largest customer.

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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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