Business
‘Land and expand’: Secretive Palantir makes its market debut – Sydney Morning Herald
Seventeen years after it was born with the help of CIA seed money, the unprofitable big data and surveillance company offered its stock to public investors for …
To some, the surprising concentration of Palantir’s customer base shows the limits of its business. Palantir’s reliance on that insular market could make it a risky bet for many investors, said Rohit Kulkarni, a senior analyst at MKM Partners in San Francisco.
“The company is still almost at the mercy of a small number of government contracts,” Kulkarni said. “If and when they come up for renewal, the investment community will get extremely spooked about how those negotiations go.”
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