More recently, the company earned $480 million in revenue in the six months ending June 30, 2020. The company This brings us back to the latest Palantir reporting from Bloomberg that Palantir is reducing the valuation at which its employees can buy stock in their company. Let’s remind ourselves of what we know and try to work out how much more sense Palantir makes at $30 billion today than it did last year at its old, floated $41 billion IPO valuation. IPOs have enjoyed a mini boom in the U.S. after coming to a near standstill when the coronavirus pandemic took hold in March. The company turned to foreign investors to raise an additional $1 billion to $3 billion in funding. Some criticize Palantir's systems as being a sort of "black box," and it's hard to argue against that without being able to see its products in action.Here is a case study that highlights a particular instance where Palantir was used to great effect in an investigation into the illicit ivory trade:At a price tag that runs in the millions of dollars per contract (Palantir generally signs multi-year contracts with its customers, during which costs are generally front loaded as the company works to integrate its platforms into the client's data infrastructure during the early portion of the contract term. The company processes big data for the U.S. government, including for some of its highly sensitive projects. Like other closed-end fund structures, SuRo can trade above or below its net asset value. The company, founded in 2003, got its start interpreting intelligence for the U.S. Central Intelligence Agency and the Pentagon and then moved on to banks, helping them watch for suspicious behavior. Its use by police and immigration officials, in particular, has sparked numerous protests.The company had long resisted a public offering to avoid getting valued as a consultancy, and to stay out of the public eye as it worked toward profitability, people familiar with the matter have said.Its dependence on engineers customizing software for each client and bloated cost structure also resulted in consistent annual losses. Data analytics firm Palantir recently filed for IPO with some speculating a valuation of up to USD 40 billion.Palantir has only started to scale its commercial business, representing a long growth runway if adoption picks up as expected.A questionable share structure, high customer concentration, and the difficulty of selling multi-million dollar customer contracts present sizable risks that prevent a buy recommendation.We first heard of Palantir around 2014 when they were looking to raise private capital at a valuation in the area of $20 billion. For the best Barrons.com experience, please update to a modern browser. Through Founders Fund, his influence has been extended to an array of technology companies.The billionaire has also served as an adviser to President Donald Trump, chastising other technology companies, in particular Alphabet Inc.’s Google, for their reluctance to work with the Defense Department.Palantir is in the process of expanding its board -- composed of Thiel and three other men -- to improve corporate governance and diversify perspectives. In 2020, Palantir Technologies wanted to reach a value of $26 billion. As we mentioned much earlier, Palantir has been in the news a lot lately, and some of this news may be of interest to you. It isn’t clear what valuation it may seek in an IPO. Tolkien’s The filing still has confidential status—there are no details on financials, bankers, or much of anything else. Palmer notes that SuRo traces its Palantir stake to a 2012 funding round that valued the company at $4 billion, or $2.80 a share. It’s because of this … It isn’t clear what valuation it may seek in an IPO. Ultimately, we see too many barriers to scaling its commercial business to recommend a buy unless the public market values the company at a much lower price than expected.Palantir's platforms serve as data analytics infrastructure that connect data sources to enterprise software and produce actionable insights specific to the client's interests. Palantir Technologies headquarters in Palo Alto, California.Palantir Technologies headquarters in Palo Alto, California.The Palo Alto, California-based company is preparing to register an S-1 filing confidentially with the U.S. Securities and Exchange Commission, said the people, who asked to not be identified because the matter isn’t public.Palantir is working with bankers to organize a tender offer for private shareholders to help clean up its capital structure ahead of an initial public offering, the people said.