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Thursday, October 10, 2024

Palantir Technologies Inc. Expands Stake in Surf Air Mobility

 On October 2, 2024, Palantir Technologies Inc. (Trades, Portfolio), a prominent data analytics firm, made a significant addition to its investment portfolio by acquiring 1,270,869 shares of Surf Air Mobility Inc. (NYSE:SRFM). This transaction increased Palantir's total holdings in the company to 2,730,166 shares, marking a substantial endorsement of Surf Air Mobility's business model and future prospects. The shares were purchased at a price of $1.68 per share, reflecting a strategic move by Palantir in the transportation and technology sectors.

About Surf Air Mobility Inc.

Surf Air Mobility Inc., headquartered in the USA, operates a unique business model in the transportation industry. Since its IPO on July 27, 2023, the company has been at the forefront of electric aviation, focusing on regional air mobility with an emphasis on sustainability. Despite a challenging market, with a current market capitalization of $24.885 million and a stock price of $1.94, Surf Air Mobility aims to revolutionize air travel through its innovative on-demand and scheduled segments.


https://finance.yahoo.com/news/palantir-technologies-inc-expands-stake-010250068.html

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