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Time of India
an hour ago
- Time of India
Company founded by the man called Donald Trump's guy in Silicon Valley hits another milestone, after beating IBM and Cisco in market cap
Peter Thiel America has a new entrant in the list of most-valuable companies. And it is Peter Thiel 's defence technology company Palantir Technologies . This week, Palantir hit another major milestone in its meteoric stock rise seen in 2025. The company is now one of the 20 most valuable US companies, achieving a market capitalization of $375 billion. The provider of software and data analytics technology to defense agencies saw its stock rise more than 2% on Friday, July 25, to another record, taking the company's market cap above $350 billion, which puts it ahead of Home Depot and Procter & Gamble. With this, Palantir is now also bigger than Bank of America and Coca-Cola in market value. Earlier this year, Palantir soared ahead of Salesforce, IBM and Cisco into the top 10 U.S. tech companies by market cap. Peter Thiel, Donald Trump's Man in Silicon Valley The Denver-based Palantir Technologies was founded in 2003 by Peter Thiel and CEO Alex Karp, and others. Palantir co-founder Peter Thiel has been one of the most vocal supporter of Donald Trump during his 2024 Presidential campaign. Thiel is popularly known as the far-right billionaire investor. Not just in 2024, In the 2016 election too, Thiel eagerly embraced his role as the public face of support for Donald Trump from the tech sector. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like After Losing Weight Kevin James Looks Like A Model 33 Bridges Undo A prominent conservative donor, he has reportedly contributed significant funding and public endorsements, aligning Palantir's strategic interests with a potential Trump administration. This political alignment has sparked speculation about further government contracts, boosting investor confidence in Palantir's growth trajectory. In 2025, the company's stock more than doubled, driven by investor enthusiasm for its artificial intelligence capabilities and deepening ties with the U.S. government. Revenue in Palantir's U.S. government business increased 45% to $373 million in its most recent quarter, while total sales rose 39% to $884 million. The company next reports results on August 4. With $3.1 billion in total revenue over the past year, Palantir is a fraction the size of the next smallest company by sales among the top 20 by market cap. Mastercard, which is valued at $518 billion, is closest with sales over the past four quarters of roughly $29 billion.
India.com
an hour ago
- India.com
Bad news for NASA employees as Trump administration forced 3870 workers to...
New Delhi: Washington: 3,870 employees will lose their jobs from the US space agency National Aeronautics and Space Administration (NASA). These employees are going to resign under the Voluntary Resignation Program. Why did these employees resign? US President Donald Trump's administration has launched a programme to reduce the number of employees to cut the budget. Under this, employees have been asked to resign on their own instead of being fired from NASA. To comply with the Trump administration's goal of reducing the federal workforce, space agency NASA officials are taking the path of resignation to avoid layoffs. NASA is world's most prominent space agency. What did NASA say about resignations? At present, 3,870 employees have resigned from NASA. However, NASA has said in its statement on Friday, July 25, that this number may change after reviewing the applications. NASA has given employees two separate opportunities to leave the job in 2025. After both resignation programmes and about 500 people leaving their jobs in general, NASA will be left with about 14,000 employees. This is the second round of resignations The first round of resignations at NASA came in the early part of the Trump administration. This effort was driven by the government efficiency department DOGE led by Elon Musk. NASA launched its second round of deferred resignations in early June, giving a chance to join it till July 25. The agency said that 3,000 employees accepted it, which is 16.4 percent of the total workforce. NASA issues statement NASA has said in its statement that safety is our top priority. Along with becoming a more efficient organization, we are also ensuring that our capabilities for missions like Moon and Mars remain fully intact. However, experts believe that such a huge reduction in the number of employees may harm NASA's future missions and technical expertise.
Time of India
2 hours ago
- Time of India
Japan tariff deal to include $550bn investment: Trump
WASHINGTON: President Donald Trump said Japan has given him, as part of a new trade framework, $550 billion to invest in the United States. "Japan is putting up $550 billion in order to lower their tariffs a little bit," Trump said Thursday. "They put up, as you could call it, seed money." He said 90% of any profits from the money invested would go to the US even if Japan had put up the funds. "It's not a loan or anything, it's a signing bonus," the Republican president said, on the trade framework that lowered his threatened tariff from 25% to 15%, including on autos. A White House official said the terms are being negotiated and nothing has been formalised in writing. The sum is significant: It would represent more than 10% of Japan's entire gross domestic product . The Japan External Trade Organisation estimates that direct investment into the US economy topped $780 billion in 2023.
