:max_bytes(150000):strip_icc()/GettyImages-2256533384-4a5b0deabfaa4eabbda1020566a264dd.jpg "Palantir Is the Newest Huge Tech Firm to Set Up Store in Florida")
Key Takeaways
- Palantir stated Tuesday it is transferring its headquarters to Miami, Florida from Denver, Colorado.
- It is the most recent tech agency to maneuver or develop its footprint in Florida.
A man-made intelligence darling simply turned the most recent tech agency to announce a transfer to Florida.
Information analytics software program supplier Palantir (PLTR) stated Tuesday that it plans to maneuver its headquarters to Miami from Denver, Colo., a win for the “Sunshine State.” The corporate, based in Palo Alto, Calif., moved its headquarters to Denver in 2020.
Why This Is Vital
Numerous companies have relocated or expanded their presence in Florida in recent times. In comparison with many different states within the U.S., Florida affords comparatively low taxes and heat climate, amongst different attracts.
Palantir, which did not present particulars concerning the transfer in a submit on social media or a press release printed on its web site, did not reply to Investopedia’s request for remark in time for publication.
The corporate stated in its annual report that it had 4,400 workers on the finish of final 12 months, almost 30% of which have been primarily based within the U.S.
Firms have in recent times moved to Florida for causes together with its regulatory and tax setting, and it is not the one agency that is introduced a transfer to or expanded its presence in Florida recently. Final month, quantum computing firm D-Wave Quantum (QBTS) stated it could transfer to Boca Raton, Fla., from Palo Alto.
Huge tech giants Apple (AAPL), Amazon (AMZN), and Microsoft (MSFT) have all opened or expanded places of work in Miami in recent times.
Shares of Palantir (PLTR) rose about 1% Tuesday. They’ve misplaced a few quarter of their worth in 2026 to date amid a broader rout in software program shares.
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