Palantir Stock Gets Boost As SpaceX Bet Pays Off - Palantir Technologies (NASDAQ:PLTR)

Palantir Technologies Inc.

(NASDAQ:PLTR) reported unrealized gains from its investment in Space Exploration Technologies Corp.

(NASDAQ:SPCX), boosting its second-quarter earnings, making it the latest major technology company to benefit from the Elon Musk-led company's blockbuster public debut.

SpaceX Stake Added to Quarterly Earnings During the company's second-quarter earnings call on Monday, CFO David Glazer said unrealized gains from the company's SpaceX investment contributed $0.03 to GAAP earnings per share and $0.02 to adjusted earnings per share.

The company posted GAAP and adjusted earnings of 41 cents for the quarter.