Peter Thiel Plans to Sell Up to 2 Million Palantir Shares

Peter Thiel has filed with the SEC to sell up to 2 million shares of Palantir Technologies Inc. (PLTR) Class A stock. According to ChainCatcher, the shares are valued at approximately $280 million. Despite the significant sale, Thiel will retain around 229 million shares, which constitutes the majority of his holdings. Analysts note that Palantir's stock price has recently surged due to defense contracts and increased demand for AI technology. This news may lead to short-term fluctuations in the stock market.