Palantir co-founder and CEO Alex Karp has purchased the former St. Benedict’s Monastery ranch in Snowmass, Colorado, for $120 million. The 3,700-acre Aspen-area estate, originally listed at $150 million last year, sets a new record for residential sales in Pitkin County. For seven decades the site was occupied by Trappist monks, and while a handful remain, Karp’s team confirms the property will not serve as a private residence. The acquisition represents a modest fraction of Karp’s estimated $17 billion net worth—he ranks 146th on the Bloomberg Billionaires Index—and further diversifies his real estate holdings beyond urban properties in New York and San Francisco. According to Palantir’s 2025 proxy statement and SEC filings, Karp holds roughly 2.5% of the company’s outstanding shares.

In 2025 Palantir Technologies transformed from a specialized government contractor into a leading global enterprise AI infrastructure provider. The company generated $1.18 billion in Q3 revenue, a 63% increase year-over-year, marking its fourth consecutive quarter above $1 billion. Palantir sustained its 12th straight quarter of GAAP profitability and achieved a record Rule of 40 score of 114%. Management raised full-year revenue guidance to $4.4 billion with projected free cash flow up to $2.1 billion. Retail investors invested nearly $8 billion into Palantir shares over the year—more than four times the 2023 total—while institutional clients solidified national security relationships through a $10 billion, 10-year Army agreement and a $448 million Navy logistics deal. Entering 2026, the company’s market capitalization exceeded $425 billion, underscoring its position as a primary beneficiary of the enterprise AI boom.