Palantir Technologies, a government contractor known for mass surveillance technology aided by artificial intelligence, has moved its headquarters out of Denver in favor of the Miami area, the company said Tuesday in a post on X.com.
The company left Palo Alto, California, in 2020 to move to Denver.
Founded by billionaire Peter Thiel and its CEO Alex Karp, Palantir was in the news this month after activists behind the “Purge Palantir” database publicized the company’s donations to two of Colorado’s Democratic members of Congress. U.S. Rep. Jason Crow of Aurora and Sen. John Hickenlooper vowed to donate the funds to immigrant-rights groups.
According to Palantir’s latest annual report released Tuesday, the company changed its principal executive office address to 19505 Biscayne Blvd., Suite 2350, in Aventura, which is about 20 miles north of Miami. The report also noted that the Denver location, at 518 17th St., is its former address.
The company was Colorado’s largest publicly traded company and valued at more than $300 billion, The Denver Post reported.
In its annual report, Palantir reported net income of $1.6 billion on revenue of $4.5 billion, substantially more than in 2024 when Palantir reported net income of $462.2 million on $2.9 billion in revenue.
The company has faced controversy and local protests for supplying its surveillance technology to the federal government, including the U.S. Immigration and Customs Enforcement for its deportation efforts. Last year, ICE paid Palantir $30 million to provide “‘near real-time visibility’ on people self-deporting from the United States,” according to a Wired magazine story.
More than half of last year’s revenue came from government contracts around the globe, with $1.9 billion from U.S. government contracts, according to its annual report.
At the end of 2025, the company had 4,429 full-time employees with 28% working outside of the U.S. When the company moved to Denver in 2020, it employed 2,439 employees, with 36% outside the U.S.
In December, Karp purchased the St. Benedict’s Monastery in Old Snowmass for $120 million.
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