The big data analytics company Palantir Technologies has quietly become an aggressive investor in companies going public via SPACs, Barron’s reports.
To date, Palantir has participated in at least eight SPAC-related PIPE transactions, investing well over $100 million, using the deals as a way to win business from emerging companies that can benefit from Palantir’s big data analytics software. In effect, Palantir is providing capital up front in return for a multiyear commitments to use the company’s software. Read more.
