Peter Thiel Unloads $175 Million of Palantir in First Sale Since 2021

Peter Thiel sold some of his $3.4 billion stake in Palantir Technologies Inc. for the first time in more than two years as shares of the software and analysis company soar on artificial intelligence optimism.

Thiel sold more than 7 million shares worth roughly $175 million Tuesday, according to a filing. He still owns about 7% of the Denver-based company, the largest asset in his $10.5 billion fortune, according to the Bloomberg Billionaires Index.