Palantir Is Now in Space

Palantir Technologies Inc. launched its first satellite this month allowing information to be processed in orbit, instead of being gathered and sent back to Earth, a step toward broadening the applications of the data analysis software.

The company, co-founded by the billionaire Peter Thiel and Alex Karp, is working with the Earth-mapping company Satellogic Inc. Palantir said its software will improve the speed and quality of data collected from space.