Palantir’s billionaire co-founder Peter Thiel on Monday filed with the SEC to offload 2 million shares within the records analytics firm for $280 million.
Thiel helped establish the corporate in 2003 alongside Alex Karp, Joe Lonsdale, Stephen Cohen, and Nathan Gettings. He contributed $30 million in seed capital, drawing inspiration from fraud-detection methods he developed at PayPal.
Early backing from In-Q-Tel, the CIA’s investment arm, enabled the firm to initiating its Gotham platform in 2008, which serves intelligence and defense clients. The corporate went public in 2020.
Palantir capped 2025 with a solid fourth quarter, reporting income of $1.4 billion, up 70% year over year and above expectations. Adjusted earnings per fragment came in at $0.25, topping projections of $0.23.
The outperformance used to be fueled by a 137% surge in US commercial income and a 66% invent better in US govt sales. Palantir also guided to $1.5 billion in first-quarter income and roughly $7.2 billion for 2026, each above Wall Avenue expectations.
