Billionaire Alex Karp’s Palantir Surges 140% Amid Controversy

UPDATE: Palantir CEO Alex Karp just announced a staggering rise in his company’s stock, surging over 140% in 2025, solidifying Palantir’s position as one of the world’s most valuable companies. During the New York Times DealBook Summit, Karp took a victory lap, claiming, “Please turn on the conventional television and see how unhappy those that didn’t invest in us are.”

This explosive growth comes on the heels of Palantir’s public listing in September 2020, which valued the company at approximately $20 billion. As of late December 2025, Karp’s net worth has skyrocketed to an impressive $15.3 billion, thanks in part to the company’s controversial contracts with government agencies and military operations.

Karp, a self-described “iconoclast,” has long embraced criticism, stating, “My biggest fans started off as Palantir skeptics and haters.” His unapologetic approach has made headlines, especially as he defends Palantir’s work with U.S. Immigration and Customs Enforcement (ICE), where the company’s technology is used to manage data on undocumented immigrants. Karp has faced backlash over these associations but remains steadfast, emphasizing that “we are on the side of working-class Americans.”

The 57-year-old CEO has a unique background, having pursued a Ph.D. in philosophy before co-founding Palantir with notable figures like Peter Thiel. Karp’s eccentric style is well-known; he often works from a barn in New Hampshire and engages in Tai Chi in the office. His unconventional leadership style has raised eyebrows but has also driven Palantir’s innovative approach to data analytics.

Palantir’s recent Q3 2025 earnings call highlighted the company’s ongoing commitment to enhancing its technological capabilities. Karp remarked, “We are every day making this company better,” reinforcing the urgency of its mission to stay ahead in the competitive landscape of artificial intelligence and data mining.

In a move to shape the future, Palantir recently launched a Neurodivergent Fellowship, aimed at harnessing the talents of individuals with diverse cognitive experiences. Karp stated, “The neurally divergent (like myself) will disproportionately shape America’s future,” showcasing his belief in the potential of unconventional thinkers.

Palantir’s trajectory raises critical questions about the ethical implications of its work. Critics have called for the company to end its contracts with ICE, yet Karp firmly defends the necessity of the technology, stating, “We support people who go to the military, we save their lives, we bring them home safer.”

As Palantir continues to evolve, Karp’s influence and the company’s market performance remain at the forefront of tech news. With the stock’s stunning rise and Karp’s outspoken nature, the tech world is watching closely.

Stay tuned for further updates as this developing story unfolds.