Palantir Technologies, Inc. (NYSE:PLTR) shares moved rapidly into the green Thursday, after forging an alliance with Voyager Space (Voyager), a global leader in space exploration. Together, Voyager and Palantir will rapidly advance the space and defense technology sectors by integrating Palantir's cutting-edge AI tools across the Voyager enterprise.
This partnership solidifies Voyager's commitment to leading the space industry in AI-driven innovation, ensuring robust and agile solutions for defense and commercial applications. Expanding on a previous Memorandum of Understanding (MOU) announced earlier this year, Voyager will now fully integrate Palantir's AI capabilities into their defense solutions, benefiting from Palantir's deep expertise delivering for the Department of Defense (DoD). This collaboration enhances communications, military research and development, as well as intelligence and space research, making space more accessible to the defense community and vice versa.
"We are thrilled to partner with Palantir, a company that shares our vision for leveraging technology to drive transformative change," said Matt Kuta, President, Voyager Space. "By embracing Palantir's game-changing AI across our operations, we not only enhance Voyager's defense-tech capabilities, but also set a new standard for the broader aerospace industry. This collaboration will enable us to deliver unprecedented value and innovation to our customers and stakeholders."
Shares in PLTR grabbed 57 cents, or 2.4%, to begin Thursday trading at $24.67.
