PLTRAnother government-sized check
Palantir and the USDA just signed a $300 million software purchase agreement. In plain English: the feds are writing a very chunky check for Palantir’s software, and that usually means more recurring revenue, more platform stickiness, and one more reason bulls keep treating the stock like it’s the Batman utility belt of enterprise AI.
Why investors care
This is not just a flashy headline; it’s the kind of contract that helps reinforce Palantir’s core pitch: once a customer plugs into the platform, it can be annoyingly hard to leave. Government deals also tend to carry a certain prestige — if Washington trusts the software, commercial clients start squinting at it a little differently.
The bigger picture
Palantir has been on a tear lately, and deals like this are exactly why. They don’t just add dollars; they add narrative fuel. And in Palantir-land, narrative matters almost as much as revenue.
Big picture: if you’re trying to figure out why Palantir keeps hanging around the center of the AI/defense/gov-tech conversation, this is the answer — big contracts, sticky software, and a customer list that still loves a good acronym.