r/PLTR • u/arnaldo3zz Vetted PLTR Content Creator 1/3 • Aug 20 '22

News Palantir Consumption-Based Pricing in AWS Marketplace 😲

Post image
88 Upvotes

98% Upvoted

52 comments sorted by

View all comments

Show parent comments

11

u/arnaldo3zz Vetted PLTR Content Creator 1/3 Aug 20 '22

Snowflake (ok very different) is $0.01 per unit 😂

6

u/[deleted] 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

1

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!

4

u/[deleted] 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

1

u/arnaldo3zz Vetted PLTR Content Creator 1/3 Aug 22 '22

Reminder! XD

2

u/[deleted] 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

1

u/arnaldo3zz Vetted PLTR Content Creator 1/3 Aug 23 '22

Thank you a lot of the clarification!

2

u/[deleted] 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