Palantir Sees Stronger-Than-Expected Sales Outlook, SpaceX-xAI Merger Confirmed

Market Intelligence Analysis

AI-Powered
Why This Matters

Palantir's earnings exceeded Wall Street expectations with a forecast revenue of $7.18-$7.2 billion for fiscal 2026, while Elon Musk's SpaceX announced the acquisition of xAI, a move to dominate AI and space exploration.

Market Impact

Market impact analysis based on bullish sentiment with 85% confidence.

Sentiment
Bullish
AI Confidence
85%
Time Horizon
Short Term

Article Context

Note: This is a brief excerpt for context. Click below to read the full article on the original source.

Gil Luria, Managing Director and Head of Technology Research at DA Davidson, joins Bloomberg Businessweek Daily to discuss Palantir earnings, including the firm's better-than-expected forecast revenue for fiscal 2026 that significantly exceeded Wall Street expectations, a boost for the data analytics company after its shares have gotten off to a lackluster start so far this year. Annual revenue will be between $7.18 billion and $7.2 billion, the Denver-based company said Monday in a statement. Analysts, on average, estimated $6.27 billion. Luria also weighs in as Elon Musk’s SpaceX announces it will acquire xAI, in a deal that encompasses the billionaire’s increasingly costly ambitions to dominate artificial intelligence and space exploration. The transaction was announced in a statement on SpaceX’s website signed by Musk, and confirmed an earlier Bloomberg News report. Luria speaks with Carol Massar and Tim Stenovec. (Source: Bloomberg)

Continue Reading
Full article on Bloomberg
Read Full Article
Original article published by Bloomberg on February 3, 2026.
Analysis and insights provided by AnalystMarkets AI.