The U.S. Space Force’s Space and Missile Systems Center’s Cross-Mission Ground & Communications Enterprise (ECX) has awarded a firm-fixed price contract totaling $32.5 million, to Palantir USG Inc on April 30, 2021.
Yeah, I think it will fall back to the 24-25 USD range again in a short while and I plan to buy it up.
Not sure if I should sell some now though and try to buy the dip with the extra cash, I always sell too early.
No longer forecast to breakeven
The 10 analysts covering Palantir Technologies no longer expect the company to break even during the foreseeable future.
The company was expected to make a profit of US$50.3m in 2022.
New consensus forecast suggests the company will make a loss of US$102.2m in 2022.
~ SimplyWallSt.
So they juiced the books by investing in SPAC’s who will in return use their services and they’ll still blow over $100m in losses?
Given the swing from +$50m to -$100m it not unreasonable to assume this is still loss making in 2024 - it’ll be old enough to legally drink in the US and drowns it’s own sorrows.
When the book is written on the post Covid stock market crash there will be a chapter on Palantir - I doubt it’ll make for fun reading.