Palantir’s billionaire co-founder Peter Thiel on Monday filed with the SEC to dump 2 million shares within the knowledge analytics company for $280 million.
Thiel helped save the company in 2003 alongside Alex Karp, Joe Lonsdale, Stephen Cohen, and Nathan Gettings. He contributed $30 million in seed capital, drawing inspiration from fraud-detection systems he developed at PayPal.
Early backing from In-Q-Tel, the CIA’s funding arm, enabled the company to delivery its Gotham platform in 2008, which serves intelligence and protection customers. The company went public in 2020.
Palantir capped 2025 with a necessary fourth quarter, reporting revenue of $1.4 billion, up 70% 365 days over 365 days and above expectations. Adjusted earnings per part came in at $0.25, topping projections of $0.23.
The outperformance used to be fueled by a 137% surge in US commercial revenue and a 66% amplify in US authorities gross sales. Palantir additionally guided to $1.5 billion in first-quarter revenue and roughly $7.2 billion for 2026, both above Wall Side street expectations.
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