Palantir, Tech’s Next Big I.P.O., Lost $580 Million in 2019

  • Date: 21-Aug-2020
  • Source: The New York Times
  • Sector:Financial Markets
  • Country:Oman
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Palantir, Tech’s Next Big I.P.O., Lost $580 Million in 2019

The Silicon Valley company could be the next in a string of tech outfits to go public long before they have turned a profit.Palantir, based in Palo Alto, Calif., has not turned a profit since it was founded in 2003. Credit...Jim Wilson/The New York TimesBy Erin Griffith and Kate CongerSAN FRANCISCO — Palantir, a Silicon Valley company with strong links to the defense and intelligence communities, is poised to be the latest in a string of tech companies to offer shares on Wall Street well before turning a profit.The company sent financial documents to its investors on Thursday night, ahead of its planned debut on the public markets later this year. The documents, which offer the first full look into the company's financials and operations and were obtained by The