The market cap of Silicon Valley big data company Palantir Technologies has surpassed that of the traditional defense industry leader Lockheed Martin, marking a major shift in the landscape of the USA defense and technology industry.

At the close of Monday, Palantir's market cap reached $137.17 billion, exceeding Lockheed Martin's $135.25 billion, reflecting Palantir's growth in the field of ai and data analysis in modern defense and security sectors.

On Monday, Palantir's stock price rose by 3.17%, closing at $60.24, hitting a record high and accumulating a 263.33% increase since the beginning of this year. In comparison, Lockheed Martin's stock price rose by 25.09% in 2024, reaching $570.58.

The significant divergence in valuation indicators between the two companies highlights their different market positions. Palantir's premium pe ratio is 304.78 times. Meanwhile, Lockheed Martin maintains a more traditional pe ratio in the defense industry, at 20.64 times.

This development highlights Palantir's rapid rise in the market, reflecting its growing influence. Prior to Palantir's surge in market cap, the company took a series of global strategic initiatives, including collaborations with amazon and Meta on USA defense programs.

Furthermore, Palantir's strong financial performance, with a 30% year-on-year revenue growth and a 39% increase in customer base, has been praised by analysts. Analyst Dan Ives from Wedbush referred to the company as the “Messi” of the ai field.

At the same time, Lockheed Martin has been pursuing its own global strategic initiatives, such as collaborating with Meta, amazon, and microsoft on defense ai programs, reporting a strong free cash flow of $2.1 billion in the third quarter.