Private prison company executives expressed their enthusiasm over unprecedented growth opportunities in immigration detention, which has seen a financial boost from the administration's crackdown.
Palantir saw 53% growth in revenue from US government contracts in the second quarter of 2025 compared with the same period the year prior and surpassed $1bn in total quarterly revenue for the first time.
The more than $175 billion that Congress handed to the nation's immigration enforcers when it passed the One Big Beautiful Bill Act is larger than the annual military budget of every country in the world except the United States and China.
