- Palantir’s IPO is reinvigorating debate over Big Tech’s role as a partner of US military and government agencies.
- Big Tech faces increasing stakeholder pressure to adjudicate the ethics of such projects.
Big data software contractor Palantir held its direct-listing IPO this week, raising funds at a valuation of around $21 billion, while also spurring renewed scrutiny over the relationship between Silicon Valley and the US military and government agencies.
In a letter to the SEC filed in September and released this week, Congressional Rep. Alexandria Ocasio-Cortez and Rep. Jesús García called for greater transparency from Palantir before it went public. Ocasio-Cortez and García asserted that Palantir should disclose to shareholders any “contract[s] with foreign governments known to engage in corrupt practices and human rights violations.”
They also expressed concern over Palatir’s project with the US Department of Health and
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