Palantir’s Army win meets PwC expansion as Burry questions valuation
Palantir secured a reported order for eight TITAN ground stations as PwC expanded its AI alliance, while Michael Burry raised concerns about the company’s valuation and accounting signals.
Palantir USG, a wholly owned subsidiary of Palantir Technologies, reportedly secured an agreement with the US Army to produce eight TITAN ground station systems. The order covers four Advanced and four Basic variants, with partners including Anduril and L3Harris.
TITAN is described as a crewed, AI-enabled ground station that integrates space, aerial and terrestrial sensor data for targeting and long-range fires. The supplied material does not disclose the agreement’s value, duration or precise contractual terms.
PwC has also expanded its alliance with Palantir to develop an AI-native platform for mergers, acquisitions and divestitures. The platform will use Palantir’s Foundry and AIP software. The companies said it could help clients execute deals up to 50% faster and reduce one-time transaction costs by as much as 45%, claims that have not been independently verified.
Investor Michael Burry criticised Palantir’s valuation, arguing that its deferred revenue profile more closely resembles a consulting business than a high-multiple software company. He also pointed to rising accounts receivable, tax treatment and the cancellation of a US$1 billion buyback authorisation.
The supplied report said Palantir shares rose nearly 7% to about US$181 after the PwC announcement, according to Benzinga. The Army agreement and PwC alliance provide reported signs of demand, while Burry’s concerns focus on how that demand is reflected in Palantir’s accounts and valuation.
