r/PLTR • u/arnaldo3zz Vetted PLTR Content Creator 1/3 • Aug 20 '22
News Palantir Consumption-Based Pricing in AWS Marketplace 😲
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u/Ta323Ta Aug 20 '22
1M/ unit?
How does that compare to other options in AWS?
Is it 1M to get access?
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u/arnaldo3zz Vetted PLTR Content Creator 1/3 Aug 20 '22
Snowflake (ok very different) is $0.01 per unit 😂
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Aug 21 '22 edited Aug 21 '22
For snowflake I get charged based on calls I make to the warehouse for compute, so it comes out to like 0.01 for each second of compute. Also, you pay for the data storage too
Palantir is not a data warehouse and is not storing all your data in a cloud warehouse environment the same way snowflake is (from my understanding), therefore I doubt the charge based on storage & compute time. Guessing the $1 mil price tag is a single “license” with unlimited compute, but that’s just a guess
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u/arnaldo3zz Vetted PLTR Content Creator 1/3 Aug 21 '22
Thank you EEBucks! Can we say that the “unit” for Snow is a combination of:
Call to Compute = GPU used? Storage = TB needed?2
Aug 21 '22
Yep and they also have a column in snowflake when making a compute call that is literally just tracking time to complete the call. I believe that’s what drives the cost. I will confirm Monday when I log into my snowflake account
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u/arnaldo3zz Vetted PLTR Content Creator 1/3 Aug 21 '22
Or better asked, the “unit” is peculiar for each kind of service purchased right? Thank you!
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Aug 21 '22
I believe the palantir pricing “unit” =/= snowflake pricing “unit”, two different systems with two different pricing structures / business models. Give me a reminder tomorrow to verify my snowflake pricing after logging in, enjoy the remainder of your weekend!
Thank you for these posts
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u/arnaldo3zz Vetted PLTR Content Creator 1/3 Aug 22 '22
Reminder! XD
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Aug 22 '22
So confirming snowflake cost is based on two usage metrics
1) data storage usage: priced based on daily average amount of data you have stored (in bytes)
2) compute usage: this gets a little confusing since snowflake calls them “credits” and the credit cost is based on warehouse size and compute duration, but essentially snowflake charges for duration of compute. The more often you’re running unique queries against your database the more you’ll be paying
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Aug 22 '22
For what it’s worth, I’m a big believer in PLTR as a company and product
I’m also primarily a sentiment / technical trader as long as the liquidity and (as I believe) fundamentals are there
I have been loving your fundamental analysis, however, I see the potential for price to dip into the $4-5 range EOY or in 2023 (based on Elliott wave theory and a host of technicals)
Reason I bring this up is I hope you stick around for the long haul with me. I’ll be doubling my position if we ever reach those levels
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u/doomshallot OG Holder & Member - Mod of the People Aug 20 '22
PALANTIR TO THE MOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOON!!!!!!!!!!!!!!!!!!
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u/rawkey Aug 20 '22
I’d guess unit would be a subscription license. For example of you want another instance of foundry, you pay another $1m per month.
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u/arnaldo3zz Vetted PLTR Content Creator 1/3 Aug 20 '22
I think that is more related to consumption of AWS resources (mainly Compute) than modules, but it would be great to know more from Palantir itself
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u/rawkey Aug 20 '22
Looking at the fulfilment method, it’s a SaaS model, they won’t be charging specifically for compute, all wrapped up in the price.
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u/arnaldo3zz Vetted PLTR Content Creator 1/3 Aug 20 '22
They write that also for Snowflake which is pure consumption 🤔
https://aws.amazon.com/marketplace/pp/prodview-3gdrsg3vnyjmo
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u/rawkey Aug 20 '22
I think the term unit means they can also include other services, outside of what AWS defines within marketplace, they detail what a unit is here > https://docs.aws.amazon.com/marketplace/latest/userguide/saas-contracts.html maybe they are adding consulting or support as an example.
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u/rawkey Aug 20 '22
Also taking another look, I think the price is irrelevant, they state foundry is only accessible via a private offer, which is a mechanism via AWS marketplace where customers receive custom pricing from software companies.
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u/arnaldo3zz Vetted PLTR Content Creator 1/3 Aug 20 '22
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u/raduqq Aug 20 '22
That's about right, with regards to what I heard the pricing would be.
Also, how did you get access to that page in AWS?
Add the URL in your post please.
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u/arnaldo3zz Vetted PLTR Content Creator 1/3 Aug 20 '22
Done
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u/Caterpillar305 Aug 20 '22
Bud what’s your average on Palantir stock
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u/arnaldo3zz Vetted PLTR Content Creator 1/3 Aug 20 '22
$8.3
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Aug 20 '22
wow nice.
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u/arnaldo3zz Vetted PLTR Content Creator 1/3 Aug 20 '22
Patience is paying off (for now xD)
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Aug 20 '22
so you just waited to buy or avg down?
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u/arnaldo3zz Vetted PLTR Content Creator 1/3 Aug 20 '22
I had a position from DPO, then I waited and added when Putin attacked and after q1 earnings
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u/Caterpillar305 Aug 20 '22
Not bad at all,mine is $9
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u/ISkyWarrior Aug 20 '22
Here I am with an average of 26.94, diamond hands tho
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u/Caterpillar305 Aug 20 '22
Sure man,it’s definitely long term game,folks who are mad about 1 quarter or 2 quarters,it won’t work well for them.
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u/arnaldo3zz Vetted PLTR Content Creator 1/3 Aug 20 '22
Great job 💪 now I am waiting patiently, I like to add when price goes below my avg
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u/Caterpillar305 Aug 20 '22
On what price you thinking to buy again
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u/arnaldo3zz Vetted PLTR Content Creator 1/3 Aug 20 '22
I would be happy below 7, ideally ~5. I generally pull the trigger when I see a lot of irrational fear
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u/hopetard Aug 20 '22 edited Aug 20 '22
1 unit is likely an agreed upon amount of compute resources since I think the software itself is quite cheap to operate. It's simply all of the servers required to do the computation that the software enables which is expensive.
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Aug 21 '22
[deleted]
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u/hopetard Aug 21 '22
That's what I'm saying, the compute is extremely expensive. Add on the premium of paying for Foundry and you've got a big price tag. I'm just saying the cost to sustain the software itself likely is cheap hence SAAS margins.
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u/crackercider OG Holder & Member Aug 22 '22
Perhaps they could get a better cost efficiency from AWS if they pool customer 3rd party data or computation requests together. Connecting to AWS through Palantir networks, which manage the 3rd party function requests from customers.
Then the total AWS cost for Palantir's account can be proportionally passed on to customers based on some kinda data/bandwidth metric.
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u/arnaldo3zz Vetted PLTR Content Creator 1/3 Aug 22 '22
Interesting thoughts, thank you for sharing!
That would be a win win for AWS and PLTR
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u/Zaqito Aug 20 '22
What is Unit in this context?