:max_bytes(150000):strip_icc()/GettyImages-2256533384-4a5b0deabfaa4eabbda1020566a264dd.jpg "Palantir Is the Latest Big Tech Company to Set Up Shop in Florida")
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Key Takeaways
- Palantir said Tuesday it’s moving its headquarters to Miami, Florida from Denver, Colorado.
- It’s the latest tech firm to move or grow its footprint in Florida.
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An artificial intelligence darling just became the latest tech firm to announce a move to Florida.
Data analytics software provider Palantir (PLTR) said Tuesday that it plans to move its headquarters to Miami from Denver, Colo., a win for the “Sunshine State.” The company, founded in Palo Alto, Calif., moved its headquarters to Denver in 2020.
Why This Is Significant
A number of firms have relocated or expanded their presence in Florida in recent years. Compared to many other states in the U.S., Florida offers relatively low taxes and warm weather, among other draws.
Palantir, which didn’t provide details about the move in a post on social media or a statement published on its website, didn’t respond to Investopedia’s request for comment in time for publication.
The company said in its annual report that it had 4,400 employees at the end of last year, nearly 30% of which were based in the U.S.
Companies have in recent years moved to Florida for reasons including its regulatory and tax environment, and it’s not the only firm that’s announced a move to or expanded its presence in Florida lately. Last month, quantum computing company D-Wave Quantum (QBTS) said it would move to Boca Raton, Fla., from Palo Alto.
Big tech giants Apple (AAPL), Amazon (AMZN), and Microsoft (MSFT) have all opened or expanded offices in Miami in recent years.
Shares of Palantir (PLTR) rose about 1% Tuesday. They’ve lost about a quarter of their value in 2026 so far amid a broader rout in software stocks.
