Palantir joins growing list of companies relocating to Florida. Could Miami be next Silicon Valley?
Data analytics firm Palantir announced on Tuesday (local time) that it will move its headquarters from Denver, Colorado to Miami, Florida, according to a post on X.
Why is Palantir moving?
The development comes at a time when more tech companies are moving their bases to Florida as the city’s civic leadership seeks to turn it into the next Silicon Valley. Bloomberg reported.
While Palantir did not specify the exact reason for moving its headquarters to Florida, CNBC The report suggests that Florida offers many advantages, including a favorable tax environment. The city has welcomed a wave of billionaires in recent years. Additionally, the district is attracting the attention of more executives as California considers a 5% wealth tax on residents with wealth exceeding $1 billion.
Billionaires and companies are moving to Florida
Meta’s Chief Executive Officer (CEO) Mark Zuckerberg has reportedly purchased a mansion in Florida, and Palantir co-founder Peter Thiel has set up a base in Miami and expanded in New York City.
Some other tech companies expanding their headquarters in the area include ServiceNow, which announced it will add more office space to West Palm Beach in September 2025. Citadel, a hedge fund firm led by Ken Griffin, is also headquartered in Miami.
About Palantir
Founded in Palo Alto, California, in 2003, Palantir Technologies moved to Denver in 2020, and its CEO, Alex Karp, has previously talked about the culture in Silicon Valley. In a letter to investors in 2020, Karp justified his company’s decision to continue working with government agencies. “Our company was founded in Silicon Valley,” he wrote in the letter. “But we seem to share less and less of the tech industry’s values and commitments.”
The company said it employed 4,429 full-time employees in 2025, with key offices in Palo Alto, New York City, Washington DC and London. It also rents space in Europe, Asia and the Middle East, according to its website.
According to a Guard The data analytics firm’s Denver office has been the scene of frequent protests after it faced criticism for its involvement in U.S. President Donald Trump’s administration’s efforts to deport immigrants, according to the report. The report also notes that various tools and platforms developed by Palantir are being used by the federal government in its efforts to surveil and detain immigrants.
Palantir’s exit from Denver
According to immigration and technology activists in Colorado, the company’s exit is a result of their continued organizing. Juan Sebastian Pinto, a former Palantir employee and organizer of the AI ordinance in Denver, said a coalition of organizations and unions is putting pressure on the company’s presence in the city. He also said: “Colorado has rejected Palantir’s values: the values of an economy built on the exploitation of people’s data, whether for war or for immigration enforcement.”
In recent months, the data analytics firm has tried to distance itself from the Trump administration’s immigration apparatus, but protests have continued.
