Palantir Technologies (PLTR) CEO Alex Karp made some very interesting and pro-Musk comments on CNBC’s “Squawk Box” interview on Tuesday. Following this, PLTR stock touched a fresh 52-week high of $125 during intraday trading yesterday.
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Karp’s positive comments led to rumors that the Karp-Musk camaraderie will bring good news for the big data analytics and AI (artificial intelligence) company. Investors reacted positively to the speculation, pushing PLTR stock higher by 4.6% yesterday.
Here’s What Alex Karp Said About Musk
Karp is on a tour to promote his newly co-authored book “The Technological Republic: Hard Power, Soft Belief, and the Future of the West.” During the CNBC interview, Karp supported President Donald Trump’s unique ways of handling situations. At the same time, he supported Trump’s commissioning of the DOGE (Department of Government Efficiency) committee. Karp even suggested that Musk was “the most qualified person in the world” to head the DOGE.
Karp openly accepted that he likes Musk, calling him “the most important builder in the world.” The DOGE is responsible for cutting the U.S. government spending by $2 trillion, a mighty task to achieve. He challenged the political left wing’s interruption in DOGE’s work and suggested that the critics must have a direct discussion with Musk on his methods.
Karp said that every taxpayer should know where every penny of his hard-earned money is going. DOGE has attempted to seek access to the records of the Treasury Department’s payment system. DOGE has also streamlined the federal workforce. All these moves have resulted in severe public backlash for Musk and DOGE, along with several lawsuits being filed against the department.
Will Karp-Musk Alliance Win Orders for Palantir?
Speculators are suggesting that Karp’s open remarks and support for Musk could mean more orders for Palantir. The AI company provides solutions to both government and commercial entities. Palantir has contracts with the Department of Defense and the U.S. Army.
Palantir is known to practice the “Revolving Door” technique that involves hiring and rotating high-level executives to and from government agencies to gain millions of dollars in government contracts. The new Karp-Musk alliance could eventually lead to Palantir winning more contracts owing to Musk’s influential role in the government.
Is Palantir a Good Stock to Buy Now?
Analysts currently prefer to wait on the sidelines as Palantir stock has already zoomed over 432% in the past year and gained 64.8% so far in 2025.
On TipRanks, PLTR stock has a Hold consensus rating based on two Buys, ten Holds, and five Sell ratings. Also, the average Palantir Technologies price target of $88.60 implies 28.9% downside risk from current levels.
