NEW YORK, Jan 5, 2026, 05:53 ET — Premarket
- SRFM up about 10% in premarket trade, extending Friday’s sharp gain
- Rally follows last week’s SurfOS funding and expanded Palantir partnership update
- Focus shifts to whether momentum holds into the open and the next earnings date on Mar. 26
Surf Air Mobility Inc shares rose about 10% to $2.63 in premarket trading on Monday, adding to the prior session’s outsized jump.
The move matters now because SRFM has been trading like a momentum name into the new year, with investors keying off the company’s push to commercialize SurfOS — an AI-enabled software suite — and its expanded work with Palantir Technologies. Surf Air said on Dec. 30 it set aside $26 million from a recent $100 million strategic transaction to fund development and a commercial rollout in 2026.
SRFM closed at $2.39 on Jan. 2 after climbing 23.2% in that session, and premarket trade put the stock above the prior day’s high of $2.43. Palantir shares were down about 5.6% early Monday, while eVTOL makers Joby Aviation and Archer Aviation were up about 9% each, signaling risk appetite remained selective.
Surf Air said SurfOS is built around three core products — BrokerOS, OperatorOS and OwnerOS — and aims to streamline operations in private aviation and “Part 135” flying, the U.S. Federal Aviation Administration rules that govern commuter and on-demand charter operators. The company said Palantir Foundry and Palantir’s Artificial Intelligence Platform (AIP) power the system and that the partnership now includes implementation and go-to-market support. Business Wire
“With Surf Air Technologies now funded, we are well positioned to begin the commercial launch of our category-defining SurfOS products,” co-founder and board member Sudhin Shahani said in that Dec. 30 update. Business Wire
Surf Air also pointed to early operational metrics from internal adoption, saying BrokerOS helped cut its on-demand team expenses by 36% and lifted bookings per broker by 197%, among other measures. The company said it has also tested a Palantir AIP-powered analytics dashboard internally.
A regulatory filing late last week showed CEO Deanna White received 303,250 restricted stock units, or RSUs — a form of equity compensation that converts into shares — in a grant dated Dec. 30. The Form 4 listed the transaction price as $0.
But the upside case still hinges on execution and funding. Investing.com, citing InvestingPro data, flagged ongoing cash burn and thin margins, and Surf Air’s own release warned that liquidity and access to financing remain key risks if performance or timelines slip.
From a levels standpoint, traders will watch whether SRFM can hold above roughly $2.43 — the prior session high — after pushing higher in premarket trade, and whether it keeps distance from recent lows near $2.00. The stock’s 52-week range is $1.77 to $9.91.
