Thanks to a combination of growth and fervor, Palantir’s share price has shot up more than 50% since election night. That jump coincided with Palantir’s strong quarterly earnings report, in which it reported a 40% increase in revenue from U.S. government customers and a new government contract drove the company’s quarterly revenue to an all-time high of $726 million.
Palantir’s stock price surge has made Joe Lonsdale and his cofounder Stephen Cohen, both 42, new billionaires.
Read the full story on Forbes: https://www.forbes.com/sites/phoebeliu/2024/11/18/tech-darling-palantir-mints-two-more-billionaires-in-post-election-surge/
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