Peter Thiel Plans $280M Palantir Share Sale
March 3, 2026·about 12 hours ago·via Bitget
Peter Thiel, Palantir co-founder and chairman, plans to sell up to 2 million Class A shares worth about $280 million through Merrill Lynch under a pre-arranged Rule 10b5-1 trading plan. The filing comes as Palantir shares rise for four straight sessions, fueled by U.S. and Israeli strikes on Iran that boost defense stocks. Palantir benefits from major contracts like a $10 billion Army deal and $448 million Navy contract, alongside its AI software for defense and intelligence.
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