Palantir to Move Headquarters From Denver to Miami

Palantir Technologies announced Feb. 17 it had moved its headquarters to Miami, five years after moving out of California to Denver.

The $317 billion company specializing in artificial intelligence software issued a short announcement with few details.

“We have moved our headquarters to Miami, Florida,” Palantir posted on X around 7:30 a.m.

Palantir’s stock rose about 1 percent on Tuesday.

The Florida Council of 100, a nonprofit business leaders group, welcomed the announcement.

“Palantir’s decision to relocate its headquarters to Florida’s Gold Coast is a powerful validation of where growth is happening in America,” said Michael Simas, president and CEO of the council. “Florida is building the platform for the next generation of high-wage industries.”

Florida Democratic candidate for governor James Fishback, however, threatened the company for relocating to the state.

“As Governor, I will ban you from all government contracts. You are a threat to our civil liberties,” Fishback posted on X.

The company first moved to Colorado more than five years ago from Palo Alto, California, where it was founded in 2003, before deciding to head south to Florida.

Before moving Palantir to Denver, CEO Alex Karp told Axios he preferred to stay “outside the monoculture” and liked “living free.”

Palantir is one of several tech giants to leave California and expand or relocate, apparently to seek a more business-friendly environment with lower taxes.

Elon Musk has moved Tesla, X, and SpaceX headquarters from California to Texas. Amazon founder Jeff Bezos and Google co-founder Larry Page have left California and found new homes in Florida.

A number of CEOs and founders of major tech companies across California have expressed opposition to a possible “billionaire’s tax” on the ballot in November that would impose a 5 percent personal wealth tax on state residents who have a net worth of more than $1 billion.

Other companies moving from California to Florida include Playboy, Wells Fargo’s wealth and investment management division, and D-Wave Quantum Inc.

Palantir posted results of its fourth quarter and fiscal year end on Feb. 2, reporting U.S. revenue of $1.1 billion from October to December 2025—a 93 percent increase compared to last year.

Palantir’s CEO Karp said the company’s overall revenue grew 70 percent over last year. He attributes the growth to choosing to exclusively focus on building software platform that integrates, manages, and operationalizes artificial intelligence models for immediate and practical business use.

“Such a massive acceleration in growth, for a company of this scale and size, is a remarkable achievement—a cosmic reward of sorts to those who were interested in advancing our admittedly idiosyncratic project and embraced, or at least did not wholly reject, our mode of working,” Karp stated in a letter to shareholders on Feb. 2.

The company closed a record-setting $4.262 billion in total contract value, up 138 percent year-over-year, according to the year-end report.