Company founded by the man called Donald Trump's guy in Silicon Valley hits another milestone, after beating IBM and Cisco in market cap
America has a new entrant in the list of most-valuable companies. And it is
Peter Thiel
's defence technology company
Palantir Technologies
. This week, Palantir hit another major milestone in its meteoric stock rise seen in 2025. The company is now one of the 20 most valuable US companies, achieving a market capitalization of $375 billion.
The provider of software and data analytics technology to defense agencies saw its stock rise more than 2% on Friday, July 25, to another record, taking the company's market cap above $350 billion, which puts it ahead of Home Depot and Procter & Gamble. With this, Palantir is now also bigger than Bank of America and Coca-Cola in market value. Earlier this year, Palantir soared ahead of Salesforce, IBM and Cisco into the top 10 U.S. tech companies by market cap.
Peter Thiel, Donald Trump's Man in Silicon Valley
The Denver-based Palantir Technologies was founded in 2003 by Peter Thiel and CEO Alex Karp, and others. Palantir co-founder Peter Thiel has been one of the most vocal supporter of Donald Trump during his 2024 Presidential campaign. Thiel is popularly known as the far-right billionaire investor. Not just in 2024, In the 2016 election too, Thiel eagerly embraced his role as the public face of support for Donald Trump from the tech sector.
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A prominent conservative donor, he has reportedly contributed significant funding and public endorsements, aligning Palantir's strategic interests with a potential Trump administration. This political alignment has sparked speculation about further government contracts, boosting investor confidence in Palantir's growth trajectory.
In 2025, the company's stock more than doubled, driven by investor enthusiasm for its artificial intelligence capabilities and deepening ties with the U.S. government. Revenue in Palantir's U.S. government business increased 45% to $373 million in its most recent quarter, while total sales rose 39% to $884 million. The company next reports results on August 4.
With $3.1 billion in total revenue over the past year, Palantir is a fraction the size of the next smallest company by sales among the top 20 by market cap. Mastercard, which is valued at $518 billion, is closest with sales over the past four quarters of roughly $29 billion.
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