I spoke w/ $PLTR CEO Alex Karp: “We didn't even have a commercial business when you and I started talking. Now, Department of War is only 30% of our business. Most of our market cap now is covered, if not our whole, just by our commercial business. “Luckily, we had the F shares [special founder voting shares], or the private equity people would be trying to fire me and break out the commercial business.” Karp says: “In the American industry, it's just going to be a have and have-not world, and that's a problem. That's something we have to solve because you can't have ‘the haves’ being four or five companies like us and Anthropic, OpenAI, or something. You have to figure out how to expand that, and we're really trying to train our partners to be independent of us.” This is where it gets interesting for @PalantirTech – and its partners: “What's actually happening is we're taking our product, putting it in enterprise, and teaching them how to both use it internally, and then strongly suggesting to them, and it's beginning to work that they then use it externally, meaning they build their products inside our ontology and they distribute them with their people. So basically, we're empowering a Mini Palantir at our partners," says Karp. Why? “We have to scale because it's our kind of obvious goal that we're going to get to $15 billion run rate in U.S. commercial in 2028. And how do you do that with a motley crew of 4000 people? We have to scale,” says Karp. “It's a fork in the road, and we cannot meet the demand. We need partners.” @CNBC $PLTR

Plus re-landing four boosters— and starting the week with Starship’s first orbital flight. For investors new to the space sector: it’s hard to fully capture just how vastly and wildly different all of this is than what existed - or what many thought was possible - just handful of years ago in the industry $SPCX

.@Castelion just raised +$1B in a series C valuing the defense tech startup at $13B, (up from $2.8B in December). @hargsb says the capital will go toward “supercharging” production of the company’s first hypersonic weapon, Blackbeard, for which delivery begins next year. Development of a longer range hypersonic weapon and defensive systems are also in the works.

Manufacturing 2.0 @HadrianInc just raised $1.4B at a nearly $8B valuation- which more than quadrupled from January "With physical AI sweeping the physical economy, which is 100x larger than the digital economy, everyone's going to need to rebase their software to adapt and compete in this new world” - @2112Power

Space suits for the moon, Astronaut missions for hire, and a commercial space station for life sciences manufacturing. My intv w/ @Axiom_Space CEO Jonathan Cirtain on the frontier in space commerce: @CNBC @NYSE #NYSESpaceSummit# @CNBCMorningCall