Home > Boards > Free Zone > User's Groups > IPOs + SPACs of Interest

>>> Palantir Invests in More SPAC Companies, and

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
gfp927z Member Profile
 
Followed By 70
Posts 26,415
Boards Moderated 75
Alias Born 03/22/05
160x600 placeholder
Gilead Gets FDA Approval for Remdesivir for Some Non-Hospitalized Patients
By Josh Beckerman
Top Company News of the Day
Netflix Ends Down Nearly 22%, Worst Performer in the S&P 500 and Nasdaq 100 Today -- Data Talk
2-Year Treasury Yield Rises to 0.993% This Week -- Data Talk
10-Year Treasury Yield Falls to 1.747% This Week -- Data Talk
30-Year Treasury Yield Falls to 2.062% This Week -- Data Talk
Wheat Falls as U.S.-Russia Negotiations Continue - Daily Grain Highlights
Front Month Nymex Natural Gas Fell 6.17% This Week to Settle at $3.9990 -- Data Talk
Front Month Nymex RBOB Gasoline Rose 0.97% This Week to Settle at $2.4424 -- Data Talk
GDP Seen +5.8% in 4Q -- Data Week Ahead
Canada's Omicron Infections May Have Peaked But Hospitalizations Rise, Health Officer Says
Coinbase Global Down Over 12%, on Track for Record Low Close and Record Percent Decrease -- Data Talk
EURO STOXX 50 Index Ends the Week 1.00% Lower at 4229.56 -- Data Talk
CAC 40 Index Ends the Week 1.04% Lower at 7068.59 -- Data Talk
STOXX Europe 50 Index Ends the Week 0.44% Lower at 3781.98 -- Data Talk
STOXX Europe 600 Index Ends the Week 1.40% Lower at 474.44 -- Data Talk
FTSE 100 Index Ends the Week 0.65% Lower at 7494.13 -- Data Talk
DAX Ends the Week 1.76% Lower at 15603.88 -- Data Talk
FTSE 100 Ends the Week Lower, Losing Year-to-Date Gains
Ecolab Down Nearly 6%, on Track for Largest Percent Decrease Since July 2020 -- Data Talk
Intuitive Surgical Down Nearly 7%, on Pace for Largest Percent Decrease Since April 2020 -- Data Talk
GM Expanding Production of Electric Motor Parts in NY State
Walt Disney Worst Performer in the DJIA So Far Today -- Data Talk
Glaxo Unit Valuation Boost Looks Less Likely as Unilever Walks -- Market Insight
gfp927z   Wednesday, 08/18/21 12:27:16 PM
Re: None
Post # of 115 
>>> Palantir Invests in More SPAC Companies, and Buys $51 Million in Gold Bars


Barron's

By Eric J. Savitz

Aug. 16, 2021


https://www.barrons.com/articles/palantir-spac-investment-gold-bars-51629150154


Data-analytics-software firm Palantir disclosed more investments in firms going public through special-purpose acquisition companies, and a large stash of gold bars.

Palantir Technologies has expanded its portfolio of investments in companies going public via SPACs, or special-purpose acquisition companies, to well over $300 million.

As previously reported, Palantir (ticker: PLTR) has started a program of investing in the young companies in return for multi-year commitments to use the company’s software.

In its June quarter financial filing with the Securities and Exchange Commission, Palantir disclosed $250 million in commitments to a group of 10 companies through June 30. That includes eight identified by name, all previously announced — Lilium, Sarcos Robotics, Roivant Sciences, Celularity (CELU), Wejo, Babylon Health, Boxed, Pear Therapeutics — and two others described only as “mobility company” and “autonomous vehicle company.” Palantir said it has commercial contracts with that group of companies with a potential value of $428 million. All of those transactions were signed in the period from March 30 to June 22, and to date, none have been completed, the filing shows.

A provider of data-analytics software for both commercial and government customers, Palantir also said that since June 30, it has committed an additional $60 million in new investments, including: $20 million for Fast Radius, which offers a “cloud manufacturing platform”; $15 million for Tritium, a developer of electric vehicle chargers; $15 million for AdTheorent, which sells machine-learning driven advertising software; and $10 million for FinAccel, an Asian financial-services company with offices in Singapore and Jakarta.

Palantir also disclosed it has completed equity investments of $25 million in an “electric vehicle company,” $3 million in an “autonomous aerial vehicle company,” and $5 million in Astrocast, which operates a network of nanosatellites. That brings the total investment commitment to more than $330 million.

Palantir also disclosed that it purchased $50.7 million in 100-ounce gold bars. “Such purchase will initially be kept in a secure third-party facility located in the northeastern United States and the company is able to take physical possession of the gold bars stored at the facility at any time with reasonable notice,” Palantir said in the filing.


The company did not provide a reason for the gold purchase.

As of June 30, Palantir had about $2.4 billion in cash.

<<<






Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist
Consent Preferences