Palantir is now a $150B company, and the best-performing stock in the SPX

Continuing its upward streak, the company finally claimed the S&P 500’s top spot on Friday — overtaking energy provider Vistra and AI darling Nvidia — after announcing a plan to move its listing from the NYSE to Nasdaq on November 26. If Palantir lands a spot in the Nasdaq 100, it could draw billions of dollars from ETFs that track the index.

The relentless rise of Palantir has taken the company’s market cap to $150 billion, a remarkable valuation for a company with fewer than 4,000 employees, roughly equivalent to the payroll of a dozen typical Walmart stores.

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