Palantir Shares Surge 7.8% After SpaceX $2.2 Trillion Valuation Debut
PLTR•Palantir shares jumped 7.77% on July 2 following SpaceX’s $2.2 trillion private valuation analyst debut. Separately, one Wall Street analyst reaffirmed a “undervalued” rating on Palantir while competitor BigBear.ai trades at 12x sales despite a 37% drop so far in 2026.
1. SpaceX Analyst Debut Boosts Palantir Shares
On July 2, Palantir stock rose 7.77% as an analyst initiated coverage valuing SpaceX at $2.2 trillion, fueling optimism across AI and data analytics names. The move highlighted investor appetite for high-valuation private companies and spilled over into publicly traded peers.
2. Wall Street Analyst Calls Palantir Undervalued
A separate analyst reiterated a buy rating on Palantir, citing discounted valuation multiples relative to revenue growth and robust government contract backlog. The report argued current share price fails to reflect expanding AI applications and recurring software revenues.
3. BigBear.ai Comparison Highlights AI Valuations
Rival BigBear.ai’s stock has fallen 37% in 2026 but still trades at a 12x sales multiple versus the Nasdaq AI index’s 5.4x. The divergence underscores differing growth expectations and risk profiles within the AI software sector.
