The chief information officers of at least three major government agencies have been replaced by Silicon Valley executives, including from Palantir and Elon Musk's SpaceX.

Palantir Technologies (NASDAQ: PLTR) was the best-performing member of the S&P 500 (SNPINDEX: ^GSPC) last year. Shares jumped 340% amid soaring demand for its artificial intelligence platform AIP ...

Palantir has an average 12-month target price of $92.50 per share. That fair value estimate is 106% higher than it was one month ago, and 182% higher than it was three months ago, according to LSEG.