In this episode, Scott Becker delves into the struggles of Palantir Technologies amidst government cuts to defense spending, its leadership’s political contrasts, and its recent performance.
Chapter 1: What is the main topic of this episode?
This is Scott Becker with the Becker Private Equity and Business Podcast. Today's discussion is Palantir Technologies and Doge and more. So here's what's fascinating about Palantir. Palantir is founded by an arch-right conservative, fascinating person, Peter Thiel, who essentially has been a huge President Trump supporter from the very get-go.
Chapter 2: Who are the key figures in Palantir Technologies?
Chapter 3: What are the political contrasts in Palantir's leadership?
Chapter 4: How is Palantir affected by government defense spending cuts?
The president and co-founder of Palantir is an anti-Trump guy, Alex Carp. Brilliant, brilliant guy. He's taken about $2 billion off the table in the last six months, but supported Kamala Harris in the election. The third thing that plays into this is the government is trying to cut the
outside contractor spending as much as they reasonably can without putting us in a horrible spot as a government and as a nation. One of the things that's on the chopping block is defense contracting spending, and one of the biggest beneficiaries of defense spending through contracts is Palantir. So Palantir is on a good four-day loss streak, getting hammered the last several days.
I would be remiss to note that I invested in Palantir last year. I don't know where I'm at on it. I saw a run-up in it. Now I'm seeing that sold run-up go run down. And it is a reminder amongst all of the things that I ought to stick to index funds versus individual stocks. I have no real predictability over these individual stocks.
But again, Palantir, Doge, politics, and more, Palantir is taking it on the chin. Thank you for listening to the Becker Private Equity and Business Podcast.