Palantir takes 7.4% stake in Surf Air Mobility in deeper software push
The investment and partnership announcements come alongside a significant debt restructuring at Surf Air Mobility.
Palantir Technologies has acquired a 7.4% stake in Surf Air Mobility formalising what had previously been described only as a technology partnership and signalling a deeper strategic commitment to the aviation software company.
The Schedule 13G filing, dated June 24, 2026, shows Palantir now holds 8,248,989 shares of Surf Air Mobility common stock with sole voting and dispositive power – crossing the 5% threshold that triggers mandatory disclosure to regulators.
The equity stake coincides with an expanded commercial partnership between the two companies, under which Palantir is committing dedicated resources to accelerate the development and commercial release of SurfOS – Surf Air Mobility’s AI-powered operating system for private aviation built on Palantir’s Foundry and AIP platforms. The expanded agreement covers OperatorOS, OwnerOS and SurfOS Enterprise Solutions, with Palantir providing go-to-market support and expedited product development timelines.
“Private aviation and air mobility are large, growing markets that have historically relied on fragmented systems and manual processes. With Foundry and AIP powering SurfOS, we see a clear opportunity to build and define the central operating system for the future of aviation and air mobility,” said Ted Mabrey, global head of commercial at Palantir.
The partnership expansion builds on the commercial launch of BrokerOS and a recently announced multi-million-dollar contract with Wheels Up, which signed on as the launch customer for Enterprise BrokerOS.
“The expansion of our partnership with Palantir will enable us to deploy and expand SurfOS more rapidly into the end markets. BrokerOS showed what our companies can bring to market together, and the additional technical and commercial support from Palantir will help us accelerate that success across the rest of our SurfOS products,” said Liam Fayed, co-founder of Surf Air Mobility.
The investment and partnership announcements come alongside a significant debt restructuring at Surf Air Mobility.
The company refinanced an existing senior secured convertible note with an outstanding principal of approximately $46.9m into two new instruments including a $16.9m convertible note due 2027 and a $30m non-convertible term note due 2028, reducing the principal by 64% and cutting monthly amortisation payments from up to $4m to up to $2m. A separate $21.6m asset-backed loan secured by aircraft provides additional working capital, with a second tranche of $14m expected within 30 days.
“Stability in our capital structure will allow us to focus on both continuing to improve our operations and the commercialisation of SurfOS,” said Deanna White, CEO of Surf Air Mobility.
Palantir’s filing states the shares were not acquired for the purpose of influencing control of the company, a standard declaration under Schedule 13G rules, which apply to passive investors.
