Nevermind that Palantir’s stock price dropped and DOGE is slashing government contracts. Karp thinks his defense tech firm will thrive in a meritocracy.

Palantir ( PLTR 1.67%) has been on an incredible run since the start of 2024. At its peak, Palantir's stock has risen 625% since the start of 2024, but that number took a hit when CEO Alex Karp announced a plan to sell up to $1 billion in shares.

Alex Karp said if he were fired from Palantir, he'd move to his "hermit-like location" and focus on his hobbies.

Still, several analysts and market watchers believe DOGE’s emphasis on using tech to find efficiencies will be a long-term tailwind for the government contractor. The modern-day Manhattan Project around AI that Karp is calling for would also likely boost the company’s shares.

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.

Palantir Technologies (NASDAQ:PLTR) shares had a brutal day, sinking 10% during regular trading and tumbling another 5% after hours. Investors

It's like, there's this one issue where I might, and then you get boxed into, you cannot solve the problem. And then I would say, what is the biggest problem in this society? Biggest problem in this society from my perspective is legitimacy of our institutions.

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