Palantir Technologies Inc. has secured a significant milestone in its cloud services offering by receiving FedRAMP High Authorization for its Palantir Federal Cloud Service (PFCS) and Palantir Federal Cloud Service – Supporting Services (PFCS-SS). This achievement enables the U.S. government to process highly sensitive unclassified workloads using Palantir’s cloud services.
The authorization covers all of Palantir’s product offerings, including AIP, Apollo, Foundry, Gotham, FedStart, and Mission Manager. It represents an upgrade from the company’s previous FedRAMP Moderate, DoD IL5, and IL6 authorizations.
Palantir’s CTO and President, Akash Jain, expressed excitement about the new offering, stating that it will accelerate the company’s work with technology partners to enable their services for USG missions. This move is expected to expand Palantir’s capabilities in providing secure cloud services to government agencies.
In related news, Palantir recently transferred its Class A Common Stock listing from the New York Stock Exchange to the Nasdaq Global Select Market. Investors can now gain exposure to the stock through the REX AI Equity Premium Income ETF. As of Tuesday, PLTR shares are up 4.88% at $69.63.
Source: https://www.benzinga.com/news/legal/24/12/42292744/whats-going-on-with-palantir-technologies-stock-today-9