⛵ Palantir Tops $2B as Commercial Surges
Plus: SpaceX Explores Boost Mobile Deal, OpenAI Plans Georgia Grid Pilot
Good Morning, Early Adopters!
The money is moving faster than the concrete can dry: Palantir doubled its revenue, SpaceX went shopping for a phone network, and the robots kept signing contracts.
Big Tech at the Close | Mon, Nov 2 |
Company | Price | 1 Day | Mkt Cap | |
 | Amazon AMZN | $245.63 | +2.20% | 2.66T |
 | Apple AAPL | $338.32 | −1.83% | 4.94T |
 | Google GOOGL | $278.99 | −0.30% | 3.43T |
 | Meta META | $606.73 | −1.34% | 1.55T |
 | Microsoft MSFT | $507.12 | −2.83% | 3.77T |
 | NVIDIA NVDA | $202.06 | −1.26% | 4.88T |
 | SpaceX SPCX | $136.37 | +1.22% | 1.85T |
 | Tesla TSLA | $403.82 | +1.00% | 1.60T |
Palantir Tops $2B as Commercial Surges
TL;DR: Palantir reported third-quarter revenue of $2.31 billion, up 96%, and adjusted earnings of 44 cents a share, both ahead of expectations. U.S. commercial sales rose 148% to $984 million, overtaking government revenue for the first time, and the company raised full-year guidance again. Read more →
SpaceX Explores Boost Mobile Deal
TL;DR: SpaceX has reportedly discussed buying Boost Mobile from EchoStar or using its existing cellular network to launch a branded wireless service. Boost relies on AT&T and T-Mobile for network access, and the reported plan would require their approval. Read more →
OpenAI Plans Georgia Grid Pilot
TL;DR: OpenAI plans to pilot Grid Protectors at its developing campus in Effingham County, Georgia. Its agreement with Georgia Power provides up to 1,000 megawatts of flexible demand response during grid stress, roughly equivalent to the average electricity demand of 700,000 households. Read more →
42AI Launches With $62.5M for Trader Models
TL;DR: 42AI emerged with $62.5 million to build behavioral world models that predict how individual traders react when markets turn volatile. Brokerages are the first customers, using the software to stress-test risk and anticipate client behavior ahead of sharp moves. Read more →
Omen AI Buys Aquatic Labs for $16M
TL;DR: Omen AI is acquiring Aquatic Labs in a $16 million cash-and-stock deal. The companies make complementary real-time water sensors that measure elements and alkalinity. They plan to combine the technologies in a sensor for data center cooling loops and aim to bring it to market in early 2027. Read more →
Tutor Intelligence Raises $75M Series B
TL;DR: Tutor Intelligence raised $75 million in a Series B led by Andreessen Horowitz, bringing total funding to $117 million. Its robots do production work with help from remote operators, generating data to train manipulation models. The company aims to have more than 1,000 robots under contract by the end of 2027. Read more →
GXO Expands Digit to Two More Sites
TL;DR: GXO signed an agreement to deploy Agility Robotics’ Digit humanoids at two more U.S. facilities, with deployments expected to start in early 2027. Agility separately said it had more than 30 prospective customers in its pipeline across industries including logistics, manufacturing and automotive. Read more →
Robot Orders Jump 25% in North America
TL;DR: North American companies ordered 10,989 robots worth $723.5 million in the third quarter, up 24.8% in units and 26.1% in value from a year earlier, according to A3. Orders from automotive component makers rose 90.4%, while semiconductor and electronics orders grew 97.6%. Read more →
Tesla Ties Powerwall to Heat Pumps
TL;DR: Tesla’s Heat Pump Optimization lets Powerwall 3 and 3P signal compatible SG Ready heat pumps to boost heating when electricity is cheap or solar output is surplus. A hot-water or buffer tank can store the heat for later. The rollout is currently in Europe. Read more →
OpenAI Calls Data Centers Compute Campuses
TL;DR: OpenAI is using the term AI compute campuses for its large infrastructure sites, saying the label better reflects their scale, power needs and workforce investment. The terminology comes as communities debate how these facilities affect local power systems and costs. Read more →
FDA Places Partial Hold on BMB-101 Trial
TL;DR: Bright Minds said the FDA placed its planned U.S. Phase 2 BMB-101 study for developmental and epileptic encephalopathies on partial clinical hold. The agency cited mouse toxicity findings and insufficient pharmacokinetic and juvenile-toxicity data. Bright Minds said it expects its other ongoing trials to continue. Read more →
Karyopharm Plans Ayrmid Merger in Chapter 11
TL;DR: Karyopharm filed for Chapter 11 and announced a restructuring support agreement that provides for a merger with Ayrmid. The proposed transaction would combine the multiple myeloma drugmaker with a company focused on blood disorders, subject to bankruptcy court approval and other closing conditions. Read more →
Fox Dodges Roku Questions on Earnings Call
TL;DR: Fox referred questions about its pending Roku acquisition to SEC filings on its fiscal first-quarter call. Executives instead discussed Tubi’s advertising growth and the contribution from sports and political advertising. Read more →
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