A lot of people here don't realize the company is building business here. It will take time, years (and CEO said that many times), no one can build a company over night. They have working government oriented side with good moat. But the commercial side (which is future of this company) is just starting up. If you buy Palantir, you are buying a starting business. The government oriented part of company is only nice bonus, so you aren't paying for startup without revenues, as is case with many other newly listed companies nowadays. The price is taking into account future cash flows. So is it overpriced? No it is undervalued. If you want to use conservative grahamian value metrics, you will not get company of this quality. Even in Graham's times, you bought only companies of questionable quality for bargain price. If you want to buy any company good as Palantir, you always need to pay a premium. And what about people's concern about scaleability? It's hell of a scaleable. If using PLTR gives you an edge over competition (the size of the edge will become bigger with developing Foundry further in the future) it will become a must have for companies to have a platform which helps to better analyze data and act upon that. In 1943 IBM was convinced that potential global market for computers is 5 computers. Or this one: "The world potential market for copying machines is 5,000, at most," said IBM to Xerox in 1959. In my oppinion, operating and analytic system will be crucial for companies to have in future. Even now we can see what Palantir did for it's numerous clients. I am happy PLTR shareholder and I wish i had few spare millions to put them into PLTR. I don't think I will regret 5, 10 or 15 years in future the decision I made: to buy as many shares as I can between $11 and $26.$Palantir Technologies Inc.(PLTR)$
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