Palantir CEO Alex Karp will appear on CNBC’s “Squawk on the Street” on June 5, 2025.
CNBC
Palantir The company announced Tuesday in a post on social media platform X that it will be moving its headquarters from Denver to Miami.
The software analytics company is the latest large company to move to South Florida as management seeks to transform the region into an innovation hub.
Florida offers a tax-friendly environment and has welcomed a wave of billionaires in recent years. California is considering a 5% wealth tax on residents with a net worth of more than $1 billion, and the number of executives in the region is increasing.
meta platform CEO Mark Zuckerberg has reportedly bought a mansion in Florida, and Palantir co-founder Peter Thiel has set up an office in Miami.
Palantir was founded in Palo Alto, California in 2003 and moved its headquarters to Denver in 2020. CEO Alex Karp previously spoke about Silicon Valley culture.
“Our company was founded in Silicon Valley, but it seems increasingly we share the values and commitments of the technology sector,” he said in a 2020 letter.
Big tech companies are also building bigger hubs in the region and leasing more office space. Ken Griffin’s hedge fund, Citadel, is also based in Miami.
