Palantir, which provides services to government and commercial businesses, and has a market value of almost $100 billion, now owns 1.1 million shares of Faraday, a company with a market capitalization of about $30 million, according to a recent filing with the Securities and Exchange Commission. Palantir stock was up 3.8% at $43.02, hitting a new 52-week high on Wednesday. Figuring out why Palantir owns the stock isn’t easy.