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Palantir stock has soared more than 300% in 2024 thanks to robust growth in the company's government and commercial business segments.
CEO Alex Karp : "A juggernaut is emerging. This is the software century , and we intend to take the entire market" The company has effectively mined the AI opportunity with government customers for intelligence gathering, counterterrorism and military purposes.
Analysts say Palantir is falling behind management's 2025 revenue target of $4.5 billion by the tune of $700 million .
Defense Primes will continue to define the market for the decade to come.
Lockheed Martin and Boeing have undertaken corporate venture arms to spur innovation and invest in startup technology.
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