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Palantir’s ‘revolving door’ with government spurs huge growth
Key Excerpts from Article on Website of Financial Times
Posted: April 22nd, 2025
https://www.ft.com/content/a65c93af-abf9-427c-a2ee-a9f5b3d51...
Palantir is profiting from a “revolving door” of executives and officials passing between the $264bn data intelligence company and high level positions in Washington and Westminster, creating an influence network who have guided its extraordinary growth. The US group, whose billionaire chair Peter Thiel has been a key backer of Donald Trump, has enjoyed an astonishing stock price rally on the back of strong rise of sales from government contracts and deals with the world’s largest corporations. Palantir has hired extensively from government agencies critical to its sales. Palantir has won more than $2.7bn in US contracts since 2009, including over $1.3bn in Pentagon contracts, according to federal records. In the UK, Palantir has been awarded more than £376mn in contracts, according to Tussell, a data provider. Thiel threw a celebration party for Trump’s inauguration at his DC home last month, attended by Vance as well as Silicon Valley leaders like Meta’s Mark Zuckerberg and OpenAI’s Sam Altman. After the US election in November, Trump began tapping Palantir executives for key government roles. At least six individuals have moved between Palantir and the Pentagon’s Chief Digital and Artificial Intelligence Office (CDAO), an office that oversees the defence department’s adoption of data, analytics and AI. Meanwhile, [Palantir co-founder] Joe Lonsdale ... has played a central role in setting up and staffing Musk’s Department of Government Efficiency.
Note: Read about Palantir's growing influence in law enforcement and the war machine. For more, read our concise summaries of news articles on corruption in the military and in the corporate world.
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