Tue Dec 03 15:30:00 UTC 2024: ## Palantir Receives Top-Tier Security Clearance for Government Cloud Services, Stock Surges
**NEW YORK –** Data analytics company Palantir Technologies (PLTR) announced Tuesday that it has achieved FedRAMP High authorization for its Palantir Federal Cloud Service (PFCS) and supporting services. This significant upgrade allows the company to handle the most sensitive unclassified government data using its cloud platform.
The FedRAMP High authorization covers all of Palantir’s key products, including AIP, Apollo, Foundry, Gotham, FedStart, and Mission Manager. This builds upon Palantir’s existing FedRAMP Moderate, DoD IL5, and IL6 authorizations, signifying a substantial increase in its ability to serve US government agencies.
Akash Jain, Palantir USG’s CTO and President, stated that this expanded authorization will enable Palantir to further collaborate with technology partners to securely support government missions.
The news coincided with Palantir’s recent stock market transfer to the Nasdaq Global Select Market from the New York Stock Exchange. PLTR shares saw a 4.88% increase, closing at $69.63 on Tuesday. Investors can access Palantir stock through ETFs such as REX AI Equity Premium Income ETF (AIPI) and ProShares Big Data Refiners ETF (DAT).
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