Palantir Cashes In on Its Early SpaceX Bet As IPO Windfall Juices Quarterly Earnings
Palantir reported unrealized gains from its SpaceX stake that lifted second-quarter earnings after the company's blockbuster IPO.
Palantir made money on paper from owning a piece of SpaceX, which boosted their earnings report this quarter. When a company's profits jump partly from investments gaining value, watch whether their real business—the work they do—is growing too.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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