Palantir

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A secretive software-maker says hello to the stockmarket—and goodbye to Silicon Valley“ONE NEVER really knows who one’s enemy is.” The words of Jürgen Habermas, a noted Frankfurt School philosopher, are a good point of departure for understanding Palantir Technologies. On August 25th the controversial software firm, named after a magical…

Palantir Technologies, a data-mining company with deep ties to U.S. intelligence and military agencies, has shed a good deal of its trademark secrecy about its business in filing for a Wall Street stock offering.Like many other tech companies, it will be going public without ever turning a profit.In filings with…

Palantir CEO Alex Karp, left, and director Peter Thiel will exercise outsized control over the company, thanks to special shares they will hold. Chesnot/Getty Images; Chip Somodevilla/Getty Images This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Palantir has an unusual voting structure…

Alexander Karp, chief executive officer and co-founder of Palantir Technologies Inc., attends the Allen & Company Sun Valley Conference on July 7, 2015 in Sun Valley, Idaho. Scott Olson/Getty Images This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. The big data tech…

Palantir publicly filed stock-listing paperwork on Tuesday and revealed nearly $580 million in 2019 losses. The company said it has "incurred losses each year" since its founding in 2003.  Like other money-losing companies have recently warned in their paperwork before going public, Palantir said it may never turn a profit.Palantir reported in…

Data-mining firm Palantir has filed its prospectus to take the company public, and its S-1 confirms leaked information that showed the company has not turned a profit since its founding in 2003. Palantir plans to debut with a direct listing rather than selling shares in an initial public offering. It’s…

In its filing for a direct listing made public on Tuesday, secretive data-crunching firm Palantir is distancing itself from Silicon Valley — and pitching itself as a staunch ally to the US military and intelligence agencies.Palantir, which has several high-profile contracts with agencies like the Pentagon and ICE, claimed in…

Palantir revealed its stock-listing documents Tuesday, offering one of the first in-depth looks at the secretive data company's financials.In the documents, Palantir acknowledged that criticisms from "political and social activists" as well as "unfavorable coverage in the media" could pose risks to its business.Palantir has long been scrutinized for its…