Palantir is probably worth less than the money invested. At $420 million in revenue, they would need to be worth more than 6x revenue to match the $2.5 billion

Palantir is probably worth less than the money invested. At $420 million in revenue, they would need to be worth more than 6x revenue to match the $2.5 billion invested. They certainly have "special sauce" over and above their value as a consulting firm (which are worth maybe 2x revenue). But how big is the market for that "special sauce"? The intelligence customers are low-capability, have massive datasets and really do need Palantir. But they've tapped out that market. So look at the consumer brands in their customer list: low capability, yes. But you could fit the data for any of them into the RAM on one server. Yes Palantir has super smart guys who can find fascinating relationships in the data. But there are only so many relationhips to find. And once that's done, the IT staff of the customer can do the work easily themselves. So I'm sorry but I think Palantir is a washout (worth less than the money invested). Nice offices though.