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“Proliferated satellites and drones you know, an ability to consume mass amounts of information, make sense of the whole battle space, and the ability to engage with targets at outrageously long ranges on a very quick timeline, that fundamentally alters the cha…”

“You know, you don't want necessarily to give Taiwan the ability to strike deep into mainland China, that Ukrainians would a hundred percent be doing that if we gave them tools to do that into Russia.”

“AI kind of broadly gets you this ability to scale up to 100,000 of systems Being able to do a much, much higher volume of activity that's much harder to defeat, it's much harder to counter and you can conduct, you know, warfare in a much more precise and large…”

“So we're eight years ish in we're at about 7000 employees. We have consistently doubled revenue like every year, right? So even like over a billion, we're still doubling revenue.”

“We're making autonomous fighter jets. You know, like three years ago, we weren't believable to make autonomous fighter jets. Now we're doing it. And we're going to have them be produced in a production facility in like months from now.”

“The procurement budget as a percentage of GDP, for example, is I think the lowest it's ever been.”

“I think the way they're structuring some of these is actually really clever, right? Like they basically, with one of these, this empty materials company, they basically guaranteed a minimum offtake and a price floor.”

“This is where I think tariffs applied on more of like, you know, kind of a national security industrial policy basis can be really advantageous. Create the time for, you know, American and allied industry to be able to get price competitive. It's just going to…”

“But if we are looking at, you know, we've got to add a crisis work all the way back to the raw materials that we didn't plan for. Now you're looking at five years of lack of being able to reconstitute that supply chain.”

“The US capital market structure is, it's not like it's 10% better than anyone else. It's a, it's like several thousand times better than anyone else. Like it is just wildly better.”

“The tech is old. It is not moving fast. It is very lethargic. There are relatively few competitors at this point.”

“Has a significant kind of stabilizing impact and a turn impact on It just is harder to use force to get your political ends.”

“You know, I think a lot of the things that were starting to happen in Ukraine, a lot of the great work Palantir did was on things like this, where it was like the targeting process of going from satellite imagery through to, hey, this looks like a tank, throug…”

“Is it much worse than selling to a bank or an oil and gas company? It's like, I don't know, maybe like, 30% worse, but like, probably not five X worse.”

“The longer it takes, the less reliable it is, the more complicated it is. It just there's no point of incentive in there to actually drive down costs.”

“And I think on the weapons production side, look, the only solve out of this is to actually tap into the commercial and industrial supply chains that exist.”

“And we made the exterior fleet fuselage in this process that you use for making acrylic bathtubs. It's this hot press process.”

“The amount of money that's actually spent on capabilities like the types of things we're working on is somewhere like between .1 and .2% of the defense budget.”

“I think there's, I think you have to do both, right? So you've got to say, like, look, like, yeah, we need a warp speed for autonomous systems or weapons. Like, we need that, right? Like, that's a no brainer that we need to have. And in doing that, you can tea…”

“We don't do AI model research. We don't need to. We just take the best things that are there.”

“I think the hard reality with this is it's just like venture. It's just like any sort of industry where there isn't going to be 500 success stories. That is unlikely to be the case, right?”

“It was just like under two years from when we started from Never having done a weapons program to having a fielded weapon capability”

“To be really successful in moving The, you know, technology forward, you had to control the hardware and the software to really be able to move the needle. The way defense buys at the end of the day is they want to buy a capability. They want to buy something …”

“We are producing less nuclear submarines per year, year over year than we have in the past. So we're like, 1.7 per year we can produce these submarines. It's not getting better, and the workforce to make these is retiring.”

“Historically the US has been one of the few countries that has been able to make like cruise missiles, but with the low cost of drones, now effectively Iran and nearly every country has the equivalent of low cost cruise missiles. For, you know, like a 100,000 …”

“This was not like 10 year development programs. They're able to turn new drone technologies in months.”

“What the Department of Defense buys is a capability and a capability to them is not just The hardware and the software that does the thing. It's the support. It's the training. It's the logistics. It's the manufacturing. It's the, you know, it's all the integr…”

“Just, you know, the dollars to launch, you know, any given amount of satellite with Starship is going to be so cheap. It changes things so fundamentally that, I don't think people have fully realized how monumental a shift that is going to be in terms of the a…”

“They have been operating for, you know, over a century and they have substantially changed the way they operate and organize multiple times over. There are very few commercial companies that can say that is true. Like that is just not actually common. So they …”

“Nearly every drone company that's been deployed into there has had the same reaction. Very little works on that communication link. You gotta actually very quickly innovate on it and solve these problems.”

“You can chase kind of nonsensical you know, products that don't have longevity to it, that aren't actually fit for purpose. Maybe you can make some money off of it for like a few years, but if you're not actually aligned to where the government's going to be, …”

“Over the next few years, we are going to become So involved in nearly every aspect of U S and international defense in a way that I think is going to be very positive for us, very positive for the world, but just the sheer scale and breadth that we will be op…”

“Everyone is slinging Andurl stock that they don't have.”

“More than half goes to personnel costs, to facilities, to military construction. So you just have an outrageous percentage going to these fixed costs that you have that are not next generation technology. And then There's an outrageous cost as well then to sus…”

“The procurement budget as a percentage of GDP, for example, is I think the lowest it's ever been.”

“I don't think it's gonna start with, you know, making low cost iPhones, but I think starting in defense production, starting in aerospace, Areas where there's like a national interest in keeping this on the U.S., and then looking at mass-producibility there.”

“Number one, I think you need data, right? Like there's very little data on like what two, three levels down into the supply chain is actually on that bill of materials and what are the, you know, kind of critical components.”

“Particularly as you get to more hardware skill sets, manufacturing skill sets, getting them to come to California is a huge problem.”

“Now I say I had a perfect AI system that could tell me where every ship, aircraft, and soldier was in the world. What are you gonna do with that? Now I know everything. That is overwhelming.”

“So when I think about, like, where AI is going to drive The most value for warfare. It is dealing with the scale problem, which is really like the amount of information that is the number of sensors, like the sheer volume of systems that are going to be fielde…”

“It's all like manually piloted, but that doesn't really scale. And there presents a lot of limitations on communication, jamming, all these things.”

“And so the US posture on this is very much, we want to have humans accountable for what happens in war.”

“Turns out invading Ukraine was probably the single biggest shift I've seen in terms of people recognizing that, look, like, there are still bad actors in the world.”

“There's this awesome chart, which shows how long it takes to get commercial aircraft or autos from kickoff to fielding. And it's been flat to slightly better for all of those things, on the order of two to three years. The military aircraft side just went lite…”

“New missile takes about 12 years to go from concept through to fielding, like, 12 years.”

“I don't think we could have done it five years or later would be too late. Five years earlier probably would have been too early. I think we were in this like two to three year window where we could ride all those waves correctly.”

“There's two things that drives change in any organization, and especially in the DoD. It is an urgent conflict, and it is top-down leadership, and those are the two things that get changed to happen.”

“I think if we are in a position where we're working on top tier defense programs at scale, I'll feel like we've started to move the needle. And we are actually making a dent in, you know, both how the department buys, but also the types of technology it's buyi…”