Tech billionaire Peter Thiel to dump $280 mln worth of Palantir stock; shares down
03/03/2026 10:56
** Shares of military-grade AI tools and services provider Palantir PLTR.O drop 3.6% to $140 premarket ** Tech billionaire Peter Thiel, one of PLTR's co-founders, to sell 2 mln PLTR shares worth $280 mln, per filing late on Monday ** Thiel among top five biggest holders of PLTR stock, according to data compiled by LSEG ** PLTR set to snap a four-day winning streak, if losses hold ** Global equities under pressure on Tuesday amid elevated geopolitical worries as investors assessed the fallout of U.S. and Israeli strikes on Iran ** As of last close, PLTR shares down more than 18% YTD after rallying more than 135% in 2025 (Reporting by Shashwat Chauhan in Bengaluru) ((Shashwat.Chauhan@thomsonreuters.com))