Palantir Technologies’ shares surged above $140 in pre-market trading on 16 June, setting a fresh all-time high that extended an 87% rally since the start of the year and a 60% rise over the past three months. The advance has raised market chatter that the stock could approach $200 in the coming months. The latest leg higher comes less than a month after the software company won a $795 million modification to a long-running U.S. Army contract announced on 21 May, underscoring the firm’s deepening ties to the defense sector. Capitol Hill trades are drawing scrutiny as the share price climbs. Representative Tim Moore (R) revealed on 16 June that he conducted 19 transactions valued at roughly $1.2 million, including an 11 April purchase of the triple-leveraged ProShares UltraPro QQQ ETF that has risen 61%. Because the trades were reported more than 45 days after execution, Moore faces a $200 penalty under the STOCK Act. Other lawmakers have also benefited from Palantir’s ascent. House Oversight Chair James Comer disclosed buying the stock shortly after President Trump’s January inauguration; the holding is now up 96%. Representative Marjorie Taylor Greene reported acquiring Palantir shares on 8 April, weeks before the Army contract announcement. Institutional participation is climbing alongside retail and political interest. HedgeMind data show the number of asset managers with at least $100 million under management holding Palantir has reached more than 2,170—about 27% of that universe—suggesting broader support for the stock’s momentum.