Palantir Technologies has secured an 8.7% stake in electric vehicle startup Faraday Future, as disclosed in a recent SEC filing. The data-mining firm received over 800,000 shares as part of a settlement for unpaid services dating back to 2021, valued at approximately $2.4 million. This ownership comes after Faraday Future's financial struggles, having only delivered a dozen cars. The companies previously partnered during Faraday's SPAC merger, but disputes over payments led to arbitration. A settlement was reached in March 2024, stipulating stock payments to Palantir.