Media Advisory - Simultaneous launch of Canadian space technologies

LONGUEUIL, QC, June 21, 2025 /CNW/ - Several technologies funded by the Canadian Space Agency under the Space Technology Development Program will be launched into space by SpaceX.
These projects are a testament to Canada's leadership in space innovation.
These innovations demonstrate the ability of Canadian companies to develop innovative technologies that meet the needs of the space program and have strong commercial potential.
Media who wish to speak with a Canadian Space Agency expert or a representative from one of these Canadian companies are asked to contact the Media Relations Office.
Website: www.asc-csa.gc.ca
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SOURCE Canadian Space Agency

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Prediction: This Artificial Intelligence (AI) Data Center Stock Will Be Worth More Than Palantir by 2030

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3 hours ago

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Prediction: This Artificial Intelligence (AI) Data Center Stock Will Be Worth More Than Palantir by 2030

Palantir is thriving in the world of enterprise software, and investors continue to cheer on the stock. While following the momentum can be tempting, Palantir's valuation is historically high and looks unsustainable. Rising demand for chips and AI infrastructure over the next five years bodes well for service providers such as CoreWeave. 10 stocks we like better than Palantir Technologies › Throughout 2025, technology stocks have been whipsawed by the latest news or rumors surrounding the economy, interest rates, and tariffs. One stock that has demonstrated a degree of immunity to these dynamics is data mining darling Palantir Technologies (NASDAQ: PLTR). With shares up 82% on the year, Palantir is the top-performing stock in the S&P 500 index so far this year. While this level of momentum may cause trepidation among cautious investors, more bullish analysts, such as Dan Ives, see the rise of Palantir as an unstoppable force. In fact, Ives thinks Palantir is on its way to joining the trillion-dollar club before the end of the decade. Personally, I am in a different camp. Right now, Palantir is trading at valuation multiples that are far higher than those investors witnessed in the late 1990s during the dot-com bubble. In short, I think a large-scale valuation normalization is in store for Palantir. By contrast, emerging infrastructure services provider CoreWeave (NASDAQ: CRWV) looks well-positioned to dominate the next chapter of the artificial intelligence (AI) narrative. Let's explore Palantir's rise and why I think the stock is due for a pullback. From there, I'll dig into CoreWeave's underlying business and explain how I think the company could eclipse Palantir's size over the next five years. Palantir's breakout moment occurred in April 2023 when the company released a new product called the Artificial Intelligence Platform (AIP). Palantir markets AIP to both the private and public sectors -- with the U.S. Military being one of Palantir's key partners. Unlike other data analytics platforms, AIP differentiates itself by helping large, complex businesses build ontologies. An ontology is a detailed visualization (i.e., a map) that illustrates various aspects of a business by breaking down revenue sources, cost structures, and other critical information in extreme detail. This process can help executive-level decision-makers model simulations using real-time data to assess the impact of different variables on the business. As investors can see from the figures above, Palantir's customer count is surging thanks to AIP's popularity. The subtle takeaway from the graphs above is that AIP has helped Palantir branch out beyond its heavy reliance on public sector deals, as evidenced by the faster growth rate in commercial customer counts compared to overall customer growth at the company. Given these trends, I think it is reasonable to say that software has been top of mind for AI developers over the last couple of years. Nevertheless, I believe CoreWeave's long-term prospects are more robust compared to Palantir's. CoreWeave specializes in a cloud-based infrastructure through which it rents out access to Nvidia graphics processing unit (GPU) architectures to its customers. To help paint a picture of how strong demand for chip access is expected to become, consider that global management consulting firm McKinsey & Company forecasts $6.7 trillion spent on AI infrastructure by 2030. The majority of this spend is likely going to be allocated to hardware products (chips) for data centers. In my eyes, augmenting software with more AI-centric capabilities is part of the first phase of broader investment in the technology. Hence, Palantir has been a major beneficiary. But over the next several years, I think investing in AI infrastructure will become a greater focus for AI's biggest spenders -- namely, cloud hyperscaler developers such as Microsoft, Amazon, Alphabet, Oracle, Meta Platforms, OpenAI, and others. CoreWeave already works with many of these companies, and I expect rising infrastructure spend to serve as a bellwether for the company in the coming years. The charts below illustrate Wall Street's consensus revenue and earnings estimates for Palantir and CoreWeave over the next couple of years. Per the figures above, investors can see that CoreWeave is already on pace to generate more revenue than Palantir this year. And yet, Palantir currently boasts a market capitalization of $326 billion -- nearly fourfold that of CoreWeave. On top of that, analysts expect CoreWeave's revenue to rise by more than threefold while transitioning to profitability within two years. By contrast, Palantir's revenue and profits aren't expected to even double during this same period. While these estimates will likely change as both companies continue to form new strategic partnerships and release new products, I think, broadly speaking, the secular trends supporting the AI narrative lean more in favor of CoreWeave over the next five years. Nvidia is expected to continue releasing more GPU architectures, while cloud hyperscalers show no signs of slowing down AI capital expenditures (capex). At some point, I think the reality of Palantir's actual growth will catch up with the sober overzealous sentiment currently surrounding the company. Ultimately, I believe this will result in a sell-off by growth investors seeking more robust prospects. Although I am optimistic about CoreWeave's long-term prospects, I think the stock is overbought right now. Following its initial public offering earlier this year, shares of CoreWeave are up by nearly 300%. For now, CoreWeave is exhibiting the behavior of a meme stock. I think the prudent strategy is to begin initiating a position at a more reasonable price point. In terms of the big picture, though, CoreWeave's long-term prospects look encouraging, and I believe the company's valuation will steadily climb over the next five years at a steeper rate than Palantir's. Before you buy stock in Palantir Technologies, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Palantir Technologies wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $664,089!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $881,731!* Now, it's worth noting Stock Advisor's total average return is 994% — a market-crushing outperformance compared to 172% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 9, 2025 Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Adam Spatacco has positions in Alphabet, Amazon, Meta Platforms, Microsoft, Nvidia, and Palantir Technologies. The Motley Fool has positions in and recommends Alphabet, Amazon, Meta Platforms, Microsoft, Nvidia, Oracle, and Palantir Technologies. The Motley Fool recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy. Prediction: This Artificial Intelligence (AI) Data Center Stock Will Be Worth More Than Palantir by 2030 was originally published by The Motley Fool

Why wait for Prime Day? These 30+ Amazon Canada deals are already up to 91% off — seriously!

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4 hours ago

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Why wait for Prime Day? These 30+ Amazon Canada deals are already up to 91% off — seriously!

Amazon Prime Day 2025 is still a couple of weeks away (July 8-11) — but you don't have to wait to score some seriously good prices. Right now, Amazon Canada is already packed with early Prime Day deals — and trust us, they're worth checking out. We're talking up to 91 per cent off (yes, really!) on everything from tech and kitchen appliances to fashion, beauty and home essentials. Whether you're shopping for summer upgrades or simply love a great deal (same here), now's the time to shop. To help you get a head start, we've rounded up some of the best early Prime Day deals you can shop in Canada right now — keep scrolling for our picks. In this guide: Best early Prime Day deals: 40% off | Best early Prime Day deals: 50% off | Best early Prime Day deals: 60% off | Best early Prime Day deals: 70% off | Best early Prime Day deals: 80% off

Associated Press

4 hours ago

Associated Press