What's Going On With Palantir Stock Today?

Palantir Technologies Inc. PLTR shares climbed on Thursday following reports linking the company to former President Donald Trump‘s proposed missile defense system, known as the Golden Dome.

Palantir, along with SpaceX and defense tech firm Anduril, has reportedly been tapped to support the initiative, Reuters reports.

In a separate development, Palantir announced a major expansion of its federal offerings through a new collaboration with AI company Anthropic. The partnership will allow Anthropic to deliver its Claude enterprise-grade AI application to U.S. government agencies via Palantir’s FedStart platform.

Through this agreement, Anthropic’s Claude model—designed for deep work across large teams—will be made available to the public sector at the highest security standards, including FedRAMP High and DoD Impact Level 5 (IL5).

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Palantir’s FedStart enables companies to quickly meet compliance requirements, offering a direct path to deploy secure software solutions within the federal space.

The deployment of Claude will take place on Google Cloud, with support for other cloud platforms, such as Amazon Bedrock and Google’s Vertex AI. This multi-cloud flexibility will help ensure a broad range of usage while preserving high compliance standards for federal systems.

Karen Dahut, CEO of Google Public Sector, said her company is committed to helping government clients access next-gen AI solutions. “We are excited to support the collaboration between Palantir and Anthropic,” she noted, referring to the infrastructure support offered by Google Cloud’s IL5 environment.

Akash Jain, president of Palantir U.S. Government, stated that FedStart was built to accelerate adoption of cutting-edge technologies while ensuring top-tier security compliance. “Anthropic builds some of the world’s leading AI applications.”

Palantir and Anthropic have previously collaborated to deploy AI models within Palantir’s Impact Level 6 (IL6) certified environments, supported by Amazon Web Services infrastructure. The IL6 rating is among the most stringent in federal cybersecurity.

According to Benzinga Pro, PLTR stock has gained over 335% in the past year. Investors can gain exposure to the stock via Roundhill ETF Trust Roundhill PLTR WeeklyPay ETF PLTW.

Price Action: PLTR shares are trading higher by 0.79% to $93.30 at last check Thursday.

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