American data analytics company Palantir Technologies, that has been embroiled in controversies for the last few years, has filed its S-1 form with the Securities and Exchange Commission (SEC) so that it can be listed on the New York Stock Exchange (NYSE). The company has opted for a direct listing instead of an initial public offering (IPO). Palantir started in 2003 by building software for the US intelligence “to assist in counterterrorism investigations and operations,” the company’s description in the S-1 filing reads. The company started working with commercial enterprises later. The S-1 filing makes it abundantly clear that Palantir has very close ties, not just with the American government, but also with other unnamed governments around the world, and is dependent on them for almost half its revenues. Over the next few years, the company wants to become the default operating system for data across the US government. Of the total revenue it generated in 2019 ($742.6 million), 53% came from the commercial segment and 47% from the government segment. Of its total addressable market (TAM) of $119 billion, government agencies in the US, its allies and other countries account for 53% or $63 billion. Of this, $26 billion is estimated in the US government sector and $37 billion in the international government sector. The commercial sector accounts for $56 billion (47%). The company wants to become the default operating system for data across the US government. It cited its successful 2016 lawsuit against the US Army for not…
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