Palantir Alliance Drives Surge in Drone Defense Stocks, Market Cap Increases by 3 Trillion Won in One Day

Oondas Inc (NASDAQ: ONDS), a U.S. drone, defense, and wireless-communications company, saw its shares surge more than 26% on the 14th, closing at $11.21. Trading volume that day topped 165 million shares, and the company’s market capitalization swelled to roughly $5.4 billion—about KRW 7 trillion—marking an increase of some $2 billion (KRW 3 trillion) in a single day.

In its first-quarter results released that day, the company reported revenue of $50.1 million (approximately KRW 700 billion), a more than tenfold year-over-year increase. It also raised its full-year 2026 revenue guidance to at least $390 million (about KRW 500–600 billion). A solid order backlog of $457 million, combined with $1.48 billion in cash and short-term investments, along with an AI/data-platform partnership with Palantir and the award of major defense and border-security projects, appears to have bolstered investor sentiment.

Ondas provides autonomous drones, counter-UAS systems, ground robots, and private wireless broadband networks through its two divisions—Ondas Networks and Ondas Autonomous Systems—to essential infrastructure customers in the rail, energy, public-safety, and government sectors. Founded in 2014, the company rebranded from Ondas Holdings to Ondas Inc in January 2026 and relocated its headquarters to West Palm Beach, Florida. It has drawn the interest of growth-stock investors by positioning itself as a defense and AI-platform innovator in collaboration with Palantir.