Palantir, a tech company that builds surveillance tools for ICE and the Israeli Defense Forces, announced it relocated its headquarters to Miami from Denver. The same day, the company’s new financial filing listed activist protests as a “risk factor” tied to rising operating expenses.
FULL STORY: Anti-ICE protests were a ‘risk factor’ for tech firm that just moved to Miami
Peter Thiel, co-founder of Palenti, speaks during a Bitcoin conference at the Miami Beach Convention Center in 2022. Marco Bello Getty Images
Here are the highlights:
• Palantir’s 2025 annual report told investors that activists “have also engaged, and may continue to engage, in public protests at our properties,” and said its response to that backlash “may divert resources and our management’s attention, increase certain operating and other expenses.”
• The company received more than $1 billion in U.S. government contracts last year, mostly from the Department of Defense. Its second-largest government contracts are with ICE, including a $30 million deal last April for software called “ImmigrationOS” to track people for immigration enforcement.
• This is the second time Palantir has left a headquarters city after sustained protests. The company moved from Palo Alto to Denver in 2020 following demonstrations against its ICE contracts there. Denver activists celebrated the latest departure as a win.
• Florida has stronger anti-protest laws than Colorado. Gov. Ron DeSantis signed a 2021 law expanding the definition of a riot and setting higher penalties for certain demonstrations. The International Center for Non-For-Profit Law identified three Florida statutes restricting protests and none in Colorado.
• Palantir’s new address is a suite in The Abbey complex next to Aventura Mall. The company did not respond to questions about what motivated the move or how many employees would relocate to Miami-Dade County.
The summary points above were compiled with the help of AI tools and edited by Miami Herald journalists. The full story in the link at top was reported, written and edited entirely by Miami Herald journalists.