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Benzinga
Benzinga
Business
Surbhi Jain

Palantir Just Boarded A Flying Startup And This Nano-Cap Stock Just Took Off

Palantir PLTR Pentagon Surf Air
Palantir

Palantir Technologies Inc. (NASDAQ: PLTR) has built its AI empire inside the Pentagon, and now it's buckling up for its next frontier: the skies.

On June 18, Palantir acquired over one million shares of Surf Air Mobility Inc. (NYSE:SRFM), an electric aviation nano-cap, bringing its total stake to more than 4.4 million shares and establishing it as a 10%+ owner. The price? Just over $2 million. The impact? A 20% pop in SRFM's stock price within hours.

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