Billionaire entrepreneur and venture capitalist Peter Thiel cofounded PayPal, Palantir and Founders Fund.

Palantir cofounder and major investor Peter Thiel, worth $9.8 billion per Forbes’ estimates, sold approximately 16 million Palantir shares between Tuesday and Thursday this week, for $600 million in gross proceeds, according to a Securities and Exchange Commission filing on Thursday. Thiel’s newest transactions bring his total Palantir share sales to just over $1 billion in 2024.

Thiel’s sales this week started one day after Palantir joined the S&P 500 and came as its share price hovers around $37, up 150% from a year ago. The company now sports an $82 billion market capitalization and trades at 35 times revenue, the highest multiple on the S&P. Palantir helps companies gather,........

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