Is Palantir Still Working With Starlink Despite Elon Musk's Pro-Putin Stance? Here's What Alex Karp Says.
Portfolio Pulse from Shanthi Rexaline
Palantir Technologies CEO, Alex Karp, has expressed mixed views on the company's continued use of SpaceX's Starlink service, despite Elon Musk's perceived pro-Putin stance. Palantir has been providing software and services to Ukraine in its conflict with Russia. Karp stated that he would use the best products available to help allies and hurt adversaries, regardless of personal disagreements. Musk has responded to the comments, denying the accusations and stating his support for Ukraine.
September 23, 2023 | 4:33 pm
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Palantir's continued use of SpaceX's Starlink service could potentially impact its public image due to Elon Musk's perceived pro-Putin stance. However, CEO Alex Karp's commitment to using the best products to support allies may mitigate any negative effects.
The news directly involves Palantir and its CEO's stance on using SpaceX's Starlink service. While there could be potential public image implications due to Elon Musk's perceived pro-Putin stance, CEO Alex Karp's commitment to using the best products to support allies may mitigate any negative effects. Therefore, the short-term impact on the stock price is neutral.
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