High flyer: Palantir CEO Alex Karp spent $17.2 million on private jets in 2025, filing reveals | Fortune
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High flyer: Palantir CEO Alex Karp spent $17.2 million on private jets in 2025, filing reveals | Fortune
"In the 10-K, Palantir disclosed Karp incurred $17.2 million in executive aircraft expenses in calendar year 2025, covering both personal and business travel. This figure represents a massive surge from the $7.7 million reported in 2024. To put this spending into perspective, Jefferies analysts crunched the numbers on flight costs. If Karp were utilizing a mid-sized jet with an estimated operating cost of $7,000 per hour, the $17.2 million total implies he logged roughly 2,457 flight hours."
"That equates to approximately 28% of the entire year, or roughly one out of every 3.5 days, spent flying. Even under a conservative estimate assuming the use of a top-tier jet, such as a G650 costing $15,000 per hour, Karp would still have spent 13% of the year-about 1,147 hours-in the air. The report notes this spending is "elevated relative to peers," citing Meta CEO Mark Zuckerberg's aircraft spending of roughly $1.8 million and Palo Alto Networks CEO Nikesh Arora's spending approximately $2.4 million."
Palantir CEO Alex Karp incurred $17.2 million in executive aircraft expenses in calendar year 2025, more than double the $7.7 million reported in 2024. Jefferies' flight-cost calculations imply roughly 2,457 hours in a mid-sized jet, equating to about 28% of the year, or roughly one out of every 3.5 days spent flying; a conservative G650 estimate still suggests about 1,147 hours (13% of the year). The spending is elevated relative to peers such as Meta and Palo Alto Networks. The company filing also shows headcount rose despite a public goal to reduce employees to about 3,600.
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