Palantir Technologies and startup Anduril Industries are teaming up with other tech companies like OpenAI and SpaceX to form a consortium that will bid on U.S. government contracts. The goal is to compete with traditional defense giants such as Lockheed Martin, Northrop Grumman, Boeing, and RTX, using artificial intelligence-enabled autonomous technology.
The initiative also involves Scale AI, which has reportedly secured a nearly $14 billion valuation. Anduril is developing pilotless fighter jets and other autonomous systems, while Saronic is working on autonomous ships.
Elon Musk’s SpaceX is also part of the consortium, with Musk signaling his intention to target Pentagon spending and reduce wastefulness in defense contracts. The Trump administration has expressed support for SpaceX, which could benefit Tesla’s electric vehicle sales.
Palantir Technologies’ stock has surged 369% this year, outperforming other stocks in the S&P 500 index.
Source: https://www.investors.com/news/technology/palantir-anduril-talks-openai-elon-musk-spacex-defense-giants