Palantir Announces Confidential Submission of Draft S-1
As someone who worked in defense consulting/IT contracting many moons ago, let me clue you in on a simple fact: there is an INSANE amount of money wasted on these contracts.The project that we were working on was projected to maybe go live in ten years (when the tech would be laughably outdated), and we were the sub-sub-sub-contractor of the massive company at the top. It was nothing more than a vaporware webapp built by 22 year olds right out of college who were white/American enough to get clearance immediately, and our team got $100 million for it.The money in these DoD contracts is truly nuts. And it never gets slashed because how politically terrible slashing defense is, and it never gets audited because too many people are making money.So as it relates to Palantir, sure, they're scammy and unethical as all hell, but they certainly know where the bread is buttered in America. Even in a (likely) Democratic adminstration.