Palantir Shares Close 4.36% Higher; Knox Partnership Targets Federal Cloud

Palantir Technologies shares finished 4.36% higher on Oct. 19 after the company and Knox Systems announced a partnership to help software providers deploy products for U.S. government and defense customers in federal cloud environments. PLTR closed at $194.15 at 4 p.m. ET (20:00 UTC), up $8.12 from its previous close of $186.03. During the session, shares touched $196.99, briefly pushing gains above 5%. The partnership targets deployments for customers using the Federal Risk and Authorization Management Program (FedRAMP) and Impact Level 5 (IL5) environments. Knox’s existing FedRAMP authorization path takes 90 days or less and supports more than 100 AI and enterprise software applications in federal environments. That timeline describes Knox's existing authorization process; the partnership announcement did not set a deployment schedule.

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