Meta wants some of what Palantir is having
Meta has taken a page out of Palantir’s playbook, signing a deal to develop products with military equipment supplier Anduril, including a “sci-fi style military helmet” named “Eagle Eye,” according to Core Memory.
Besides being another example of the macho man ethos sweeping through Silicon Valley, there’s good reason for Meta to try to mimic Palantir’s approach in melding Silicon Valley technology with the weaponry business.
Such an approach — if Palantir’s share price has anything to say about it — is clearly resonating in the markets.
Since the end of 2023, Meta is up a more than respectable 82%. But that looks downright modest next to the 616% ride Palantir has enjoyed. Palantir is trading with a frankly outlandish 66x multiple on expected forward sales, while Meta is trading at an 8x multiple on sales itself. For comparison, the Nasdaq 100 trades at a price-to-sales multiple of nearly 6x.
Such an approach — if Palantir’s share price has anything to say about it — is clearly resonating in the markets.
Since the end of 2023, Meta is up a more than respectable 82%. But that looks downright modest next to the 616% ride Palantir has enjoyed. Palantir is trading with a frankly outlandish 66x multiple on expected forward sales, while Meta is trading at an 8x multiple on sales itself. For comparison, the Nasdaq 100 trades at a price-to-sales multiple of nearly 6x.
