Alex Karp, CEO of Palantir Technologies, speaks connected a sheet titled Power, Purpose, and the New American Century astatine the Hill and Valley Forum astatine the U.S. Capitol connected April 30, 2025 successful Washington, DC.
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Palantir has deed different large milestone successful its meteoric banal rise. It's present 1 of the 20 astir invaluable U.S. companies.
The supplier of bundle and information analytics exertion to defence agencies saw its banal emergence much than 2% connected Friday to different record, lifting the company's marketplace headdress to $375 billion, which puts it up of Home Depot and Procter & Gamble. The company's marketplace worth was already higher than Bank of America and Coca-Cola.
Palantir has much than doubled successful worth this twelvemonth arsenic investors ramp up bets connected the company's artificial quality concern and person ties to the U.S. government. Since its founding successful 2003 by Peter Thiel, CEO Alex Karp and others, the institution has steadily accrued a increasing database of customers.
Revenue successful Palantir's U.S. government business accrued 45% to $373 cardinal successful its astir caller quarter, portion full income roseate 39% to $884 million. The institution adjacent reports results connected Aug. 4.
Earlier this year, Palantir soared up of Salesforce, IBM and Cisco into the top 10 U.S. tech companies by marketplace cap.
Buying the banal astatine these levels requires investors to wage hefty multiples. Palantir presently trades for 273 times guardant earnings, according to FactSet. The lone different institution successful the apical 20 with a triple-digit ratio is Tesla astatine 175.
With $3.1 cardinal successful full gross implicit the past year, Palantir is simply a fraction the size of the adjacent smallest institution by income among the apical 20 by marketplace cap. Mastercard, which is valued astatine $518 billion, is closest with income implicit the past 4 quarters of astir $29 billion.
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