The post Palantir’s market cap hit $375 billion on Friday, placing it among the top 20 U.S. companies appeared on BitcoinEthereumNews.com.
Palantir has pushed its way into the top tier of American corporations, crossing a major line with a market cap of $375 billion after a 2% jump in its share price on Friday, according to data from CNBC. T valuation lands the company among the 20 most valuable companies in the U.S., ahead of names like Home Depot, Procter & Gamble, Bank of America, and Coca-Cola. The company, founded in 2003 by Peter Thiel, Alex Karp, and others, has spent two decades building software for government use. But what moved the needle this year is investor confidence in its AI business and its eerily close relationship with the Trump administration, which has shown interest in defense-focused technology platforms. The company’s stock has more than doubled in 2025, putting it on the radar of both Wall Street and crypto-savvy retail traders. Palantir’s valuation outpaces its actual revenue Despite being valued at $375 billion, Palantir’s total revenue over the past year was just $3.1 billion, a fraction of what most top 20 companies report. For comparison, Mastercard, which sits just above Palantir with a $518 billion market cap, pulled in $29 billion over the same period. Still, the company has jumped ahead of Salesforce, IBM, and Cisco, ranking among the 10 largest U.S. tech firms by market cap. The recent earnings report showed a 45% increase in U.S. government revenue, reaching $373 million, while total sales grew 39% to $884 million. Palantir will release its next results on August 4, and Wall Street analysts expect 54% profit growth to 54 cents, with revenue projected to hit $937.5 million, up 38% year over year. But none of that explains the towering price tag. According to FactSet, Palantir trades at 273 times forward earnings, the highest in the top 20. Only Tesla, with a…