Palantir (PLTR, Financial) shares surged over 4%, reaching a new record high of $83.99. The increase follows reports that Palantir, alongside Anduril, is in negotiations with numerous competitors to form an alliance. This coalition aims to bid for U.S. government contracts, challenging major defense firms.
The alliance plans to announce agreements with several tech companies next month. Companies reportedly in talks to join include SpaceX, OpenAI, Saronic Technologies, and Scale AI.
