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Palantir’s Stake Acquisition Fuels Surf Air Mobility (SRFM) Stock Rally
Palantir’s Stake Acquisition Fuels Surf Air Mobility (SRFM) Stock Rally
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BTCCSquare news:
Surf Air Mobility shares surged 88.48% on Tuesday after Palantir Technologies disclosed a 19.9% stake acquisition. The data analytics firm purchased 1.04 million shares at $2.07 apiece, bringing its total holdings to 4.46 million shares. Trading volume exploded to 79 million shares—135x the three-month average—with pre-market gains extending another 8.3% Wednesday.
The aviation tech company is executing a four-phase turnaround, currently achieving operational milestones in Phase 2. Management targets airline profitability by year-end, though the stock remains speculative with its heavy reliance on Palantir's endorsement.
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