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Palantir Technologies Inc. (NASDAQ:PLTR) shares are gaining ground on Wednesday morning. Investors are reacting to reports linking the company to a massive defense initiative.
Golden Dome Defense Collaboration
Palantir and Palmer Luckey’s Anduril are reportedly teaming up. They aim to provide software for President Donald Trump’s “Golden Dome” missile shield.
This space-based network targets ballistic, cruise, and hypersonic threats. The project’s estimated cost has reached $185 billion.
Tech Firms Join Prime Contractors
The initiative attracts a crowded field of tech and defense players. According to a Tuesday report from Reuters, citing a source familiar with the matter, the companies have been interested in the program since its early …
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