Palantir announced Tuesday it has moved its headquarters from Denver to Miami – joining a slew of tech firms fleeing to South Florida as a growing number of industry leaders deem it the new Silicon Valley.
Tech giants have been increasingly flocking to Florida from business hubs like New York and California in pursuit of lower taxes, warm weather and safer neighborhoods.
“We have moved our headquarters to Miami, Florida,” Palantir wrote in a brief post on X Tuesday morning.
The company didn’t share its reasons for the move.
Palantir was found in Palo Alto, Calif., in 2003 and moved to Denver in 2020, CNBC noted, with CEO Alex Karp emerging as a prominent critic of Sillicon Valley’s culture.
Former Miami Mayor Francis Suarez, who has long pushed for tech talent to move to Florida, cheered the “watershed moment for Miami.”
“This is the tipping point!” he wrote on X, using numerous exclamation points.
The Post has sought comment from Palantir.
Citadel’s Ken Griffin and real estate magnate Stephen Ross – some of the highest-profile billionaires to move to South Florida during the pandemic – recently launched a $10 million campaign to encourage business leaders to move to the Sunshine State, The Post reported.
“The only place a CEO or founder can scale from 10 employees to 10,000 will be in South Florida,” Ross previously told The Post. “While other cities are still special, they no longer support building business and supporting ambition like you can find here.”
The campaign targets CEOs and investors with national ads and direct outreach, as well as a dedicated concierge program that can help executives relocate operations and navigate state regulations.
Apple has already expanded its presence in South Florida with a new Miami campus, while software company ServiceNow has committed to opening an office in West Palm Beach.
Amazon earlier this year signed a massive office lease in Miami’s Wynwood neighborhood.
Billionaire Peter Thiel – Palantir’s chairman and co-founder – has ramped up his investments in South Florida, opening a new Miami office for his investment firm Thiel Capital late last year.
His venture capital firm Founders Fund opened a Florida office in 2021, near his Miami Beach mansion, and the businessman has even switched his voter registration to Florida.
Citadel’s Griffin – who lived in Chicago for nearly three decades – was one of the most outspoken business leaders to vouch for Miami after his 2022 move.
“I’ve lived in a failed city-state. I lived in Chicago for 30-some years. I had two colleagues who had bullets fly through their cars,” Griffin previously told Fox News.
“I had 25 bullet holes in the front of my building where I lived. You can’t live in a city awash [with] violent crime.”
