Another major company has moved its headquarters to South Florida.
Palantir Technologies Inc., a tech firm that develops data analysis and surveillance technologies used in fields including defense and immigration enforcement, announced Tuesday in a post on X that it has moved its headquarters from Denver to Miami. The company moved from Palo Alto, California, to Denver in 2020.
Palantir’s announcement could mean more billionaires are coming to town.
Several tech billionaires have made headlines recently by shopping for and buying South Florida real estate. Last week, the Wall Street Journal reported that Mark Zuckerberg had purchased a house in Indian Creek Village, known locally as the Billionaire Bunker. Google co-founders Larry Page and Sergey Brin also bought homes in South Florida in recent months.
Some of these billionaires have moved ahead of a proposed wealth tax in California on people worth $1 billion or more.
Palantir’s founders include billionaires Peter Thiel and Alex Karp. Thiel, who is also a co-founder of PayPal and the venture capital firm Founder’s Fund, is the chairman of the company, and Karp is the chief executive.
Late last year, Thiel moved his investment firm Thiel Capital to Miami, leasing office space in Wynwood. Thiel is worth an estimated $25 billion and has owned a house in Miami Beach since 2020.
Palantir didn’t respond to an email from the Miami Herald asking why the company decided to move its headquarters or where its new offices would be located. According to the company’s just released annual report, the new executive offices are at Northeast 195th Street and Biscayne Boulevard in Aventura.
We have moved our headquarters to Miami, Florida.
— Palantir (@PalantirTech) February 17, 2026
MORE: Do recent megamillion Miami real estate buys signal a coming billionaire wave?
John Boyd, a principal of The Boyd Company Inc., a Boca Raton-based firm that offers site selection consulting services for businesses, said he wasn’t surprised by Palantir’s decision to move its headquarters to Miami. He said Florida’s pro-business political landscape has made it attractive to leaders in the tech and financial industries. And he expects the region to become more attractive as more billionaires set up shop.
“The endorsement of a market by a high-profile CEO like a Ken Griffin or an Alex Karp, it carries a lot of weight,” said Boyd.
Griffin, the billionaire founder and CEO of the hedge fund Citadel, moved his company from Chicago to Miami in 2022. Griffin and Stephen Ross, two of South Florida’s best-known billionaires, launched an initiative last month to encourage more business leaders to move to the Sunshine State.
Palantir’s move also comes as Miami has become a hub of foreign policy dealmaking under the second Donald Trump administration. Palantir’s contracts with the federal government have sharply increased since Trump took office last year. The company was awarded more than a billion dollars in federal contracts in 2025, according to federal spending data, primarily with the Department of Defense and Immigration and Customs Enforcement.
The company has a controversial relationship with ICE, which uses technology developed by Palantir to track and deport undocumented immigrants.
Miami-area congressional Rep. María Elvira Salazar praised Palantir’s announcement Tuesday.
“Welcome to Miami, Palantir!” she wrote on social media. “More and more companies are betting on our city to grow and project themselves to the world. Here they find a pro-business environment, low taxes, clear rules, and a unique connection with Latin America and global markets.”
The Republican has previously criticized Trump’s mass deportation efforts — in which Palantir has been a key private partner — arguing that the administration’s enforcement strategies have gone too far.
Miami Herald
Catherine Odom covers real estate for the Miami Herald. She previously interned on the Herald’s government team and has worked as a journalist in Germany and Armenia. She is a graduate of Northwestern University.