Palantir ( PLTR 1.67%) has been on an incredible run since the start of 2024. At its peak, Palantir's stock has risen 625% since the start of 2024, but that number took a hit when CEO Alex Karp announced a plan to sell up to $1 billion in shares.

Palantir Technologies (NASDAQ:PLTR) shares had a brutal day, sinking 10% during regular trading and tumbling another 5% after hours. Investors

Nevermind that Palantir’s stock price dropped and DOGE is slashing government contracts. Karp thinks his defense tech firm will thrive in a meritocracy.

It's like, there's this one issue where I might, and then you get boxed into, you cannot solve the problem. And then I would say, what is the biggest problem in this society? Biggest problem in this society from my perspective is legitimacy of our institutions.

Karp believes Big Tech needs to refocus on the military and national security work at the heart of Silicon Valley’s origins.

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Alex Karp said if he were fired from Palantir, he'd move to his "hermit-like location" and focus on his hobbies.