[ TRANSACTION RECORD ]

BlackRock Inc. Investment in Palantir Technologies Inc. — 2024

VERIFIED VECTOR ID: 002170 · tx-266
M SOURCE NODE — FUNDER
BlackRock Inc.
Finance United States
$1,000,000,000
EQUITY
05/02/2024
Q DESTINATION NODE — RECIPIENT
Palantir Technologies Inc.
Company United States
Amount (USD)
$1.0B
Flow Type
EQUITY
Transaction Date
05/02/2024
Primary Source
View Filing ↗
Funder Profile [ M ]
Entity BlackRock Inc.
AUM 10000000
HQ Location United States
Sector Finance
Recipient Profile [ Q ]
Entity Palantir Technologies Inc.
Entity Type Company
Jurisdiction United States
Intelligence Note

BlackRock Inc. increased its institutional stake in Palantir Technologies Inc. to approximately 1 billion dollars following the company’s achievement of consecutive quarters of profitability. This transaction reflects confidence in Palantir’s AI-driven data platforms for government and commercial clients. The deal signals growing institutional stability for the leading data analytics firm.

Σ
Primary Forensic Source https://www.palantir.com/newsroom/press-releases/palantir-announces-q4-2023-results/
✓ SOURCE LINKED