Story perspectives

UK, EU review Palantir contracts over security fears

By Drooid · Sep 20, 2026, 11:07 PM UTC · How we work

Summary

Osborne Arranges Thiel Tour

George Osborne, former chancellor, arranged a Bayeux tapestry viewing for Peter Thiel at the British Museum.
Palantir holds a £330 million contract with the NHS, ongoing since 2023.
Thiel contributed $15 million to Senator JD Vance’s 2022 Senate race, the largest single Senate donation.
Thiel met President Javier Milei of Argentina to discuss AI data-center incentives after relocating.
The U.K., France, Germany and Spain are reviewing or ending Palantir contracts over security concerns.

Summary

Palantir Shares Surge

Palantir shares surged roughly 51% in August after a blowout quarter.
Palantir shares later fell about 6% year-to-date.
Palantir’s market cap is $427 billion and its gross margin is 84.80%.
CEO Alex Karp warned nationalization could force a 50% government stake, collapsing the business value multiple times.
Karp told investors they might be “the mark,” implying they could be swindled by liability debates.

History

Historical Context

After the September 11 attacks, DARPA created the Information Awareness Office in January 2002, and under John Poindexter launched Total Information Awareness, a $19 million data-mining effort that Congress defunded in September 2003 amid privacy protests. The program’s shutdown established lasting limits on government-run surveillance, shaping today’s EU and UK scrutiny of Palantir’s £330 million NHS contract.

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Osborne Arranges Thiel Tour

George Osborne, former chancellor, arranged a Bayeux tapestry viewing for Peter Thiel at the British Museum.
Palantir holds a £330 million contract with the NHS, ongoing since 2023.
Thiel contributed $15 million to Senator JD Vance’s 2022 Senate race, the largest single Senate donation.
Thiel met President Javier Milei of Argentina to discuss AI data-center incentives after relocating.
The U.K., France, Germany and Spain are reviewing or ending Palantir contracts over security concerns.

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