- Palantir’s stock surge—over 600% in one year, before this week’s slide—has made its CEO Alex Karp a wealthy man. Karp sold nearly $2 billion worth of company shares last year, with the bulk of sales taking place in a single month around the presidential election.
Defense contractor Palantir has been one of the hottest stocks of this political cycle. Before this week’s stock slide, Palantir’s value has shot up over 600% since the start of last year. And CEO Alex Karp has profited handsomely from the surge.
