Elon Musk may be teaming up with Palantir on important project (2025)

While many of the market’s most prominent tech stocks have struggled over the past few months, one company has shaken off most volatility and demonstrated strong resilience.

A few short years ago, most Wall Street analysts didn’t pay much attention to Palantir Technologies, (PLTR) and those who did considered it a data analytics company. Now the company is focused on expanding into other areas such as cybersecurity and defense technology.

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Palantir’s multi-dimensional nature has helped it thrive over the past year as it has successfully leveraged artificial intelligence (AI) technologies. Additionally, it has likely benefited from founder Peter Thiel and CEO Alex Karp’s ties to Elon Musk, who has been working closely with President Donald Trump.

However, Palantir is reportedly eyeing a new project that involves teaming up with one of Musk’s companies directly on an extremely high-profile project.

Palantir may be joining forces with a Musk company

For months, Palantir has likely seemed like one of the safest bets to play the tech market during Trump’s presidency. While high economic uncertainty continued to push down financial markets, Palantir seemed uniquely positioned to ride out the storm and benefit from growing cybersecurity and defense technology demand.

Now it seems to have been tapped by none other than Musk to join a group bidding on a new White House project. President Trump is focused on building a “Golden Dome” missile defense system, likely inspired by Israel’s Iron Dome, and SpaceX is reportedly the leading contender to build parts of it.

Given Musk’s position as a special government employee and his close relationship with Trump, this development is not surprising at all. But SpaceX isn’t doing it alone. According to Reuters’ sources, it ispartnering with both Palantir and Anduril Industries, a defense company known for building drones.

As the outlet also notes, the founders of all three companies have expressed support for Trump. But this project is still in its early development stages, and nothing has been decided yet in terms of who will build what part of it.

“Despite the Pentagon’s positive signals to the SpaceX group, some sources stressed the decision process for Trump’s Golden Dome is in its early stages,” Reuters reports. “Its ultimate structure and who is selected to work on it could change dramatically in the coming months.”

While details regarding this new defense system are still being released, it has been reported that leaders from all three companies have met with Pentagon officials recently and laid out their plans for contributing to the project.

These are said to include building over 1,000 satellites that could “sense missiles and track their movement” as they rotate the globe.

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If the satellites do detect any missile threats, a separate fleet of 200 attack satellites would shoot them down with missiles or lasers, sources claim. They note, though, that SpaceX would not be playing a part in the weaponization of these satellites. This suggests that this part would fall to either Palantir or Anduril, though no details have been confirmed as of this writing.

SpaceX may have other plans for this project, though

While Musk is usually on board with what the President wants to do, his company has proposed something that could change the equation. It has reportedly suggested allowing the U.S. government to pay for access to its Golden Dome technology through a subscription service.

Musk himself has issued no statements on SpaceX’s plans for the Golden Dome project or how he thinks it should be handled. However, it seems that the subscription suggestion hasn’t been well-received so far.

“The suggestion has raised concern among some Pentagon officials. Sources told Reuters U.S. Space Force General Michael Guetlein has been involved in discussions about whether SpaceX should own the technology,” Rolling Stone reports.

If Musk’s group of SpaceX, Palantir, and Anduril does end up winning this lucrative contract, it would likely be one of Silicon Valley’s biggest victories in the field of defense contracting, a field that has helped fuel Palantir’s growth in recent years.

Other companies will likely submit bids to help build the Golden Dome as well, such as Northrop Grumman, RTX Technologies, and Boeing. But since all three of the companies in Musk’s group have leads with ties to Trump, it seems unlikely that any other firms will be able to successfully outbid them.