Palantir Extends Airbus Skywise Partnership While Burry Sees 58% Stock Decline
Palantir Technologies extended a multi-year Skywise collaboration with Airbus, leveraging its AI-enabled data platform used by over 50,000 users to enhance manufacturing, supply chain and flight operations. Michael Burry warns of a 58% share drop to $50–60, despite triple-digit growth in U.S. commercial revenue and remaining performance obligations.
1. Extended Skywise Collaboration With Airbus
Palantir extended its multi-year agreement with Airbus on the Skywise open data platform, which now serves over 50,000 users and integrates in-flight engineering and operational data to improve manufacturing, supply chain management and flight operations through AI-enabled analytics.
2. Michael Burry's Ultra-Bearish Price Target
Investor Michael Burry projects a 58% share price decline, targeting a $50–60 landing range, raising concerns over current valuation and long-term share performance despite recent corporate developments.
3. Strong Commercial Growth Metrics
Palantir reported triple-digit year-over-year increases in U.S. commercial revenue and remaining performance obligations, underscoring accelerating top-line growth and underpinning its elevated valuation metrics.