A tech company called Palantir Technologies, co-founded by Peter Thiel—often known as “Donald Trump’s guy” in Silicon Valley—has reached a big milestone.
Palantir, a company that makes software and data tools for defense and government agencies, has now become one of the 20 most valuable companies in the United States. As of July 25, 2025, its stock rose more than 2%, bringing its market value to $375 billion. This means it’s now worth more than major companies like IBM, Cisco, Home Depot, Procter & Gamble, Bank of America, and Coca-Cola.
Earlier this year, Palantir had already moved ahead of big tech names like Salesforce, IBM, and Cisco, and is now among the top 10 tech companies in the US by market value.
Who Is Behind Palantir?
Palantir was founded in 2003 by Peter Thiel, Alex Karp (current CEO), and a few others. Peter Thiel is a well-known billionaire and a strong supporter of Donald Trump. He played a key role in Trump’s 2024 presidential campaign and had also supported him in the 2016 election. Thiel’s political connections have led people to believe that Palantir could win more government contracts in the future, making the company even more attractive to investors.
Strong Growth in 2025
In 2025, Palantir’s stock price has more than doubled, mainly because of its advanced artificial intelligence (AI) capabilities and growing work with the U.S. government.
- Revenue from its U.S. government business grew by 45% to $373 million in the last quarter.
- Its total revenue for that quarter rose 39% to $884 million.
- In the past year, Palantir earned about $3.1 billion in revenue.
Even though Palantir is now one of the top 20 companies by market value, it still earns much less in sales compared to others on the list. For example, Mastercard, which is worth $518 billion, made about $29 billion in sales over the last year.
Palantir will report its next financial results on August 4.
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