Palantir's Unique Ownership Structure Allows Founders to Maintain Control Amidst Rapid Growth

Palantir's ownership structure gives its founders, Peter Thiel, Alex Karp, and Stephen Cohen, effective control over the company. The trio holds a combined 49.99% of voting power through a special type of stock. This structure is similar to that of Ford Motor Co.'s founders and has been adopted by other companies like Meta Platforms Inc. and Snap Inc. As Palantir grows in size and importance, particularly in the US government, understanding its governance structure is crucial.