Palantir Continues To Go To Space

2 New Deals for the company

Welcome back to DailyPalantir! By the end of last week, Palantir got two brand new deals. One was direct, one was indirect. Let’s dive in.

Healthcare Partnership, Indirectly

Arny posted about this last week, finding Palantir’s Surgence platform is now working with MayoClinic, a top hospital in the United States:

Alright, let's dive into the recent healthcare deal Palantir landed. This isn't a headline-grabbing deal but it's pretty significant for Palantir's growth in the healthcare sector. Essentially, Palantir's healthcare platform, Surgence, which they developed in collaboration with Concordance, has now partnered with the Mayo Clinic. The concordance partnership happened a few years ago, so we’re starting to see the platform they built with Concordance (basically a Skywise for healthcare supplychains) start to bring on some new clients.

If you know anything about healthcare, you know the Mayo Clinic is a big deal. They're renowned for their medical research and care, so this partnership is a major validation for Palantir's capabilities in healthcare supply chain management.

Now, why is this deal important for Palantir?

Well…it's all about network effects. By integrating Surgence into Mayo Clinic's operations, Palantir isn't just gaining a prestigious client—they're setting a precedent. Other hospitals and healthcare providers will see this partnership and consider how Palantir can help them streamline their supply chains and improve decision-making. It's like when a major brand adopts a new technology; it sparks interest and trust in that technology across the industry.

This collaboration with Mayo Clinic showcases how Palantir's technology can provide real-time visibility and predictive analytics in healthcare.

Think about it: if Mayo Clinic can manage its supply chain more efficiently and reduce waste, that sets a powerful example for other hospitals. Palantir's platform can connect different parts of the healthcare supply chain, making everything from order management to forecasting more efficient. This is huge for an industry that's often bogged down by outdated, fragmented systems.

The broader implication here is that as more healthcare providers see the benefits of using Surgence, Palantir's influence and integration within the sector will grow. This isn't just about one deal—it's about creating a domino effect. If the Mayo Clinic sees significant improvements, other institutions will follow suit, creating a larger ecosystem of healthcare providers reliant on Palantir's technology. This kind of network effect can exponentially increase Palantir's footprint in healthcare.

Ultimately, this deal reinforces Palantir's strategy of embedding itself deeply within critical industries. By proving its value with a top-tier institution like Mayo Clinic, Palantir is setting itself up for more partnerships and deeper integrations within the healthcare sector. It's a strategic move that highlights Palantir's ability to create long-term value and build a robust network effect that will be hard for competitors to break.

Another Space Deal

Alright, let's break down the Voyager space deal Palantir just secured.

This deal is pretty exciting for Palantir and represents another step in their expansion into the space industry. Palantir is partnering with Voyager Space to leverage AI in driving space technology innovation. This comes on the heels of another deal with Starlab, indicating that Palantir is making significant inroads in the space sector.

So, why is this deal important? Well, it’s all about building strong connections and proving their tech in new and cutting-edge fields.

By working with Voyager, Palantir is positioning itself as the go-to company for space technology solutions. Voyager's goal is to use Palantir’s AI capabilities to enhance their defense and commercial space operations. This partnership means Palantir’s tech will play a crucial role in everything from military research to commercial space station operations.

This deal also showcases Palantir’s ability to integrate its software into various industries. For Voyager, this means using Palantir’s Foundry and AIP platforms to manage their payloads and data more efficiently. This is significant because it not only helps Voyager but also sets a precedent for other companies in the space industry. If Palantir’s software can handle the complexities of space data and operations, it’s a huge validation of their tech's versatility and power.

Moreover, the collaboration creates a network effect similar to what we discussed with the Mayo Clinic above. As Voyager integrates Palantir’s software, other space companies will take notice. The success of this partnership can lead to more space firms considering Palantir for their data management and AI needs. It's a strategic move that could snowball into a broader industry adoption, similar to how major tech innovations often spread.

This deal reinforces Palantir's position as a key player in sectors that intersect with national security and cutting-edge technology. Space is becoming an increasingly important area for defense and commercial endeavors, and having Palantir’s software at the core of these operations could lead to more government contracts and commercial partnerships. It’s a win-win that helps Palantir grow its influence and revenue streams in a high-stakes, high-growth industry.

Space is really, really cool. It seems like Palantir wants to be a key player.

Healthcare, Defense, Energy, Supply Chain & Space might end up being the core verticals that Palantir uses to grow.

The Voyager deal is not just another contract for Palantir—it's a strategic foothold in the space industry. By partnering with key players like Voyager and Starlab, Palantir is demonstrating the value of its technology in one of the most exciting and rapidly evolving sectors. This will likely lead to more partnerships and opportunities, fueling Palantir’s growth and solidifying its reputation as a top-tier tech provider in space and beyond.

Quotes from the PR:

“We are thrilled to partner with Palantir, a company that shares our vision for leveraging technology to drive transformative change,” said Matt Kuta, President, Voyager Space. “By embracing Palantir’s game-changing AI across our operations, we not only enhance Voyager’s defense-tech capabilities, but also set a new standard for the broader aerospace industry. This collaboration will enable us to deliver unprecedented value and innovation to our customers and stakeholders.” 

“We look forward to deepening our collaboration with Voyager Space,” said Shyam Sankar, CTO of Palantir. “Palantir is committed to building transformative AI solutions across every domain. Our work with Voyager enables us to continue expanding the boundaries of these capabilities to better meet the context of our customer’s mission. Together, we will drive the innovation our nation needs to create resilient infrastructure, scale production, and uphold national security.”

Two really exciting deals for Palantir — tomorrow we will break down the latest Bank of America price targets for the company!

That’s it for today - see you tomorrow!

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