Billionaire Peter Thiel files to sell $280 million in Palantir shares

By Vivian Nguyen · Published March 3, 2026 · 1 min read · Source: Crypto Briefing

Billionaire Peter Thiel files to sell $280 million in Palantir shares

Palantir posted better-than-expected fourth-quarter results, with revenue climbing 70% year-over-year to $1.4 billion.

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Palantir’s billionaire co-founder Peter Thiel on Monday filed with the SEC to offload 2 million shares in the data analytics firm for $280 million.

Thiel helped establish the company in 2003 alongside Alex Karp, Joe Lonsdale, Stephen Cohen, and Nathan Gettings. He contributed $30 million in seed capital, drawing inspiration from fraud-detection systems he developed at PayPal.

Early backing from In-Q-Tel, the CIA’s investment arm, enabled the firm to launch its Gotham platform in 2008, which serves intelligence and defense clients. The company went public in 2020.

Palantir capped 2025 with a strong fourth quarter, reporting revenue of $1.4 billion, up 70% year over year and above expectations. Adjusted earnings per share came in at $0.25, topping projections of $0.23.

The outperformance was fueled by a 137% surge in US commercial revenue and a 66% increase in US government sales. Palantir also guided to $1.5 billion in first-quarter revenue and roughly $7.2 billion for 2026, both above Wall Street expectations.

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