I sold my entire Palantir position and put the money straight into SpaceX.
I originally bought Palantir at $133 and sold around $190, which works out to roughly a 43% gain. This was always meant to be a sentiment trade and I was open about that from the beginning. The trade worked well and I’m satisfied with the result.
At the same time I’ve been watching the latest developments at SpaceX very closely. The most recent Starship flight finally reached orbit for the first time and successfully deployed 26 next-generation Starlink satellites. That was the first real commercial payload on Starship and even though an engine issue forced them to cut the mission short, it still marked a clear step forward.
On top of that the compute side of the business is turning out to be much larger than most people expected. SpaceX is already leasing significant AI compute capacity and some analysts now believe this could become their biggest revenue stream as early as 2027. They already have large contracts in place with companies like Anthropic and Google.
Palantir is still a tremendous company and I have a lot of respect for what they have built. But SpaceX is operating on a completely different level of complexity and durability. They are solving hard physical world problems at scale across launch, satellite internet and now compute infrastructure, and the moat they are building looks extremely wide to me.
I believe SpaceX remains undervalued relative to where Palantir is already trading, so I decided to move the capital.
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