Palantir now owns nearly 9% of EV startup Faraday Future — here’s why

Palantir now owns 8.7% of struggling electric vehicle startup Faraday Future, according to a new filing with the U.S. Securities and Exchange Commission. The data-mining company was granted more than 800,000 shares in the EV startup on October 2 “as payment for certain outstanding receivables” — the equivalent of roughly $2.4 million judging by Faraday […] © 2024 TechCrunch. All rights reserved. For personal use only.

Tomas Kauer - News Moderator Tomas Kauer - News Moderator
Oct 10, 2024 - 06:00
Palantir now owns nearly 9% of EV startup Faraday Future — here’s why
Palantir now owns 8.7% of struggling electric vehicle startup Faraday Future, according to a new filing with the U.S. Securities and Exchange Commission. The data-mining company was granted more than 800,000 shares in the EV startup on October 2 “as payment for certain outstanding receivables” — the equivalent of roughly $2.4 million judging by Faraday […] © 2024 TechCrunch. All rights reserved. For personal use only.