Palantir says it's moved its HQ to Miami

• Palantir announced it has moved its headquarters to Miami.
• The company previously relocated its HQ from California to Colorado.
• CEO Alex Karp lives in Colorado, where he owns property.

Palantir is embracing a sunshine state of mind.

The company said on Tuesday that it had moved its headquarters to Miami.

In 2020, Palantir moved its HQ from Palo Alto, California, to Denver. CEO Alex Karp owns property in Colorado.

A Palantir spokesperson did not immediately respond to a request for comment on what the HQ move means for its Colorado employees and whether Karp plans on spending more time in Miami.

Like Austin, Miami emerged as a buzzy location for startups and investors during the pandemic, with some big names in venture capital moving to the city and predicting huge growth.

The White House's AI czar, investor and "All-In" podcast host David Sacks, recently predicted that Miami would one day overtake New York City as the finance capital of the world. (The data shows that NYC clearly holds the finance crown.)

While some of those names have since returned to California amid the AI boom, Miami continues to attract wealthy business leaders — including some who recently bought homes or opened offices in the city amid worries about a proposed California wealth tax.

Thiel Capital, created by billionaire Palantir cofounder Peter Thiel, opened a Miami office in December.

And in one of the most high-profile moves, Citadel in 2022 said that it was relocating its global headquarters to Miami. (Business Insider previously interviewed Citadel employees on what their work life was like in the city, which you can read here.)

Palantir stock was trading up .8% following the announcement. The stock has been struggling in recent months, down more than 35% from an all-time high in early November. But shares are still up over the longer term, having risen 75% since the start of 2025.