How Palantir—a company too small to make the Fortune 500—became one of the world’s 25 most valuable companies
Palantir, based in Denver, surpassed $1 billion in quarterly revenue for the first time this week, posting growth figures that blew past analyst estimates. Palantir’s stock soared to more than $160 a share, marking a 555% increase from this time last year. By market close on Tuesday, Palantir’s market cap had hit nearly $409 billion, making it the 23rd most valuable company in the world, just behind Johnson & Johnson, a company with more than 23 times Palantir’s revenue and more than 35x the number of employees.
To think if I had put a couple of G’s into this stock last year I’d be up more than 500%. Have to learn how to play the markets more efficiently.
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