Palantir CEO Jet Reimbursement Rises 123% to $17.2M, Shares Could Fall 50%
Palantir reimbursed CEO Alex Karp $17.2 million for jet use in 2025, up 123% from 2024, spurring Michael Burry’s bearish view that shares could tumble to $50–$60. A judge denied Palantir’s request to bar three former employees from rival Percepta, while DHS finalizes a blanket purchasing framework for its software.
1. Jet Reimbursement Sparks Governance Debate
Palantir reimbursed CEO Alex Karp $17.2 million for private jet use in 2025, a 123% increase from 2024. Analysts and investors raised concerns over corporate spending as peer CEOs incurred significantly lower travel expenses.
2. Legal Battle with Percepta Continues
Palantir sued former employees over alleged breaches of privacy and non-solicitation agreements when they founded AI rival Percepta. A judge refused to bar the trio from operating at their startup, granting a partial legal victory to the defendants.
3. DHS Framework to Simplify Procurement
The U.S. Department of Homeland Security finalized a blanket purchasing framework for Palantir software, covering licenses, implementation and support services. This deal is expected to streamline procurement across federal immigration and border enforcement agencies.