Alexander Karp spent $17.2 million of Palantir Technologies (NASDAQ:PLTR) company money on private jet travel last year, more than double the $7.7 million logged in 2024, according to a 10-K filed Tuesday.

By The Numbers

According to a Financial Times report Tuesday, the aircraft isn’t a company plane, but owned by Karp. Palantir covers the tab for both business and personal trips.

Jefferies analyst Brent Thill ran the math.

At a mid-range jet operating cost of roughly $7,000 per hour, $17.2 million implies around 2,457 flight hours — about 28% of the entire calendar year.

Even assuming a Gulfstream G650 at $15,000 per hour, that still works out to roughly 1,147 hours airborne.

For context, Meta (NASDAQ:META) CEO Mark Zuckerberg reportedly spent around $1.8 million on private aircraft, while Palo Alto Networks (NASDAQ:PANW) CEO Nikesh Arora came in at around $2.4 million.

Karp’s tab is roughly seven to nine times higher than either.

Palantir has not responded to requests for comment on why the figure more than doubled year over year.

Michael Burry has reportedly taken a short position in the name, calling the valuation stretched.

He claims their moat is nothing more than ‘Sophisticated Vendor Lock in.’

Not everyone is bearish; Mizuho analyst Gregg Moskowitz upgraded PLTR to Outperform with a $195 price target, suggesting the selloff from highs may be overdone.

The Karp Paradox

The timing is notable. PLTR shares hit an all-time high of $207.52 in late January before retreating sharply into February.

As Benzinga reported, Palantir’s Q4 results were historic; revenue surged 70% year-over-year and the company nearly doubled its 2026 guidance, yet the stock has since given back a significant chunk of those gains.

Karp is a retail investor darling, known for saying the kind of things most CEOs would never put on record.

In a 2020 interview that recently resurfaced on X, he was characteristically blunt about what Palantir actually does: “We built this kill chain — the digital kill chain. How do you defend your country and kill your enemies? Our product is used on occasion to kill people.”

What Prediction Markets Say

On Polymarket, traders give a 32% chance PLTR continues its descent to $126 at some point before the end of February, with over $150,000 in volume behind the market.

Higher targets fall off sharply, the $174 level sits at just 3%.

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