09:08 AM EDT, 06/20/2024 (MT Newswires) -- Palantir Technologies ( PLTR ) has been named Starlab Space's exclusive supplier of software data management services, Starlab Space said Thursday.

Palantir ( PLTR ) and Starlab Space will support data modeling through digital twins and AI technologies to optimize Starlab's operations, resource allocation, mission planning, and system performance. This partnership aims to reduce operational costs, streamline on-board operations and enhance maintenance and research capabilities for the Starlab commercial space station.

Financial details of the partnership were not disclosed.

Shares of Palantir ( PLTR ) rose more than 2% in Thursday premarket activity.

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