Despite efforts to land more commercial customers, Palantir earned $345.5 million from its work with government agencies in 2019 and $397 million from commercial entities, the documents said. It had 125 customers in the first half of 2020, but did not name them in descriptions of its work. Mr. Karp had been vocal in the past about his aversion to going public, citing the secret work of Palantir’s customers. The direct listings of Slack, the work collaboration software company, and Spotify, the music streaming company, helped popularize the strategy. The company argued to its investors that this structure would allow it to stay “Founder-led” after it went public.

Source: New York Times August 21, 2020 17:45 UTC