Palantir now owns nearly 9% of EV startup Faraday Future

Palantir now owns 8.7% of struggling electric vehicle startup Faraday Future, according to a new filing with the U.S. Securities and Exchange Commission. The data-mining company was granted more than 800,000 shares in the EV startup on October 2 "as payment for certain outstanding receivables" — the equivalent of roughly $2.4 million judging by Faraday Future's stock price on that day. Palantir doesn't explicitly say what receivables were outstanding.