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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.
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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.
Stay Connected
Forbes newsletters: https://newsletters.editorial.forbes.com
Forbes on Facebook: http://fb.com/forbes
Forbes Video on Twitter: http://www.twitter.com/forbes
Forbes Video on Instagram: http://instagram.com/forbes
More From Forbes: http://forbes.com
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
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