Bloomberg
(Bloomberg) — Palantir Technologies Inc. said it’s moved its headquarters to Miami from Denver at a time when tech firms are headed to South Florida as local officials promote the region as an alternative to California’s Silicon Valley.
The announcement was made Tuesday in a brief statement on the social media platform X, with no reason provided for the move. A spokesperson for the company didn’t respond to a request for comment.
Most Read from Bloomberg
“We’re very excited as a company and anxious to be a part of the community here,” Shon Manasco, a Palantir executive, said while speaking on a panel at the Defense Tech Leadership Summit on Tuesday in West Palm Beach.
Palantir, a data analytics company with extensive defense contracts, is Colorado’s largest public company. Its decision followed multiple protests since it moved to Denver in 2020 from Palo Alto, due to cultural and ideological differences, according to the Denver Post. Protests have targeted the company’s support of the Israeli military and more recently its work with US Immigration and Customs Enforcement by using artificial intelligence to identify targets for deportation.
State and local officials said they were not told of the decision ahead of time, including Colorado Governor Jared Polis.
“We don’t have any information about potential job impacts at this time either, and hope that it won’t impact the jobs based in Colorado,” Eric Maruyama, a spokesperson for Polis, wrote in an email.
“We did not receive advance notice of Palantir’s decision to leave Denver,” said Jon Ewing, a spokesperson for Denver Mayor Mike Johnston, in an email. “Denver remains a national hub for the tech sector, and that won’t change with Palantir’s departure.”
Miami has been attracting firms and wealthy business executives since the outset of the pandemic drawn by a mix of low taxes, good weather and relatively safe streets. Since Citadel’s big move in 2022, finance companies and tech companies such as Apple Inc. and Amazon.com Inc. have opened or expanded offices. ServiceNow Inc. has committed to opening an office in West Palm Beach.
More recently, a wave of California tech billionaires have been shopping for mansions in Miami at a time when a wealth tax is being discussed back home.
Ken Griffin and Stephen Ross, among the highest-profile billionaires to move to South Florida during the pandemic, recently started bankrolling a new campaign to get others to follow in their footsteps. The pair is funding a $10 million drive to convince more executives, investors and founders to move to the region.
Peter Thiel, Palantir’s chairman, opened an office for his private investment firm in Miami’s Wynwood neighborhood at the end of 2025, expanding the billionaire’s presence in Florida. The tech mogul has owned a mansion in Miami Beach since 2020, and his venture capital firm Founders Fund has had an office nearby since 2021. He also moved his voter registration to Florida in March 2024, according to state records.
Palantir, which has locations across the globe, is also expanding its presence in New York City. It was set up in the early 2000s by Thiel and four other co-founders, including Chief Executive Officer Alex Karp, and secured early investment from In-Q-Tel, the CIA’s investment arm. The company relies on the US government for the largest share of its revenue, with contracts worth close to $900 million with the Pentagon last year, along with smaller contracts for ICE, as well as Treasury and other government agencies, according to data compiled by Bloomberg Government.
Overall, US government revenue grew 55% year-over-year in fiscal 2025 to $1.855 billion, Palantir reported earlier this month.
Francis Suarez, the former two-term mayor who spent years trying to attract tech and crypto firms to Miami, celebrated the move on X.
“This is the tipping point!!!!” he wrote. “What a watershed moment for Miami…”
–With assistance from Katrina Manson and Anna J Kaiser.
(Updates with governor’s response in sixth paragraph.)
Most Read from Bloomberg Businessweek
©2026 Bloomberg L.P.
