Palantir Stock Price Nearly Doubles in First Half of 2025
The value of Palantir’s stock have nearly doubled in the first half of 2025, hitting a record $153.99 on July 17. The company’s biggest customer is the U.S. government, which has won federal contracts worth hundreds of millions of dollars since U.S. President Donald Trump entered the White House for his second term in office.
The data analytics company was founded in 2003, receiving $2 million in seed money through the CIA’s Q-Tel investment branch. Palantir later went public in September 2020 on the New York Stock Exchange with a reference price for the direct listing set at $7.25 per share, valuing the company at approximately $16 billion, according to Yahoo Finance. On September 23, 2024, Palantir was added to the S&P 500 index.
Looking at the stock market fluctuations, an increase can be seen on November 5, 2024, when Trump was elected again. Between November 5 and July 17, 2025, Palantir’s stock price per share increased by 201 percent. Palantir has benefited from increased U.S. federal spending this year, including a $30 million ICE contract and a $795 million contract with the Department of Defense's AI branch, according to Business Insider. Its growth is also partly attributed to the company's launch of its Artificial Intelligence Platform amid the AI boom.
Palantir Technologies Inc.’s name is inspired by J.R.R. Tolkien's The Lord of the Rings trilogy, in which palantíri, or “seeing stones” can be used to see far off places and events. The tech giant provides software to a range of commercial institutions, such as banks and hospitals, as well as for governments and militaries, including in the areas of surveillance.