One of the most secretive companies in Silicon Valley recently filed to go public.
We finally got to see what is going on behind the curtain.
Time for a thread 👇🏽👇🏽👇🏽
1) Palantir was founded in 2003.
They build software for the intelligence community in the US to assist them in counterterrorism, investigations, operations, and later with commercial enterprises.
2) The company offers two software platforms with embedded user-facing applications that serve as central operating systems for customers:
- Palantir Gotham
- Palantir Foundry
They are embedded user-facing applications that serve as central operating systems for customers.
3) Palantir operates within three core technology features:
- Software Creates a Central Operating System for Data
- Software Does Not Displace Existing Systems, It Augments Them
- Approach to Security Enables Collaboration Instead of Inhibiting It
4) Palantir’s business model has three phases:
- Acquire
- Expand
- Scale
They currently have 125 customers and average revenue per customer is $5.6M.
The average revenue for top twenty customers is $24.8M as of 2019.
5) One issue with Palantir's customer base is that the top three customers represent ~33% of total revenue.
The good news is that the company did almost $750 million in 2019 revenue.
6) Palantir's pitch to investors basically revolves around a single idea:
"Revenue consistently improves as the company is becoming the industry and government agency default platform securing $1.2B in government contracts in 2020"
7) Palantir plan to grow:
- Commercial Sector Expansion
- Continued R&D expansion
- Increase $$ within existing customers
- Become default OS for data across US government
- New customer acquisition
- Continue to be embedded in legislation
- Continue to grow direct sales force
8) It will be interesting to see if Palantir can convince investors of their future plans.
The secretive company has been working hard to build significant revenue, but at some point, they'll have to prove they have a sustainable business model.
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"A crypto company" has entered the public markets and is positioned to lead in the development of the crypto economy.
Time for a breakdown 👇🏽👇🏽👇🏽
1️⃣Coinbase $COIN was founded in 2012 by Brian Armstrong. In 2010, he heard about cryptocurrencies and came across the white paper from Satoshi Nakamoto. He was instantly captivated.
He made his first bet on Bitcoin and with $1,000 he bought ~110 bitcoins at $9 each.
2️⃣For an entire week, he coded in Ruby and JavaScript so he could buy and store Bitcoin.
Twelve years later this code evolved into "a crypto company" that went public today at a staggering valuation of $86 billion.
~$542 million in inflow since its launch on March 30th.
I think McConaughey can agree that this Space ETF is "allright, allright, allright"
Time for a breakdown 👇🏽👇🏽👇🏽
1️⃣ $ARKX ETF gives investors exposure to companies spearheading
✔️reusable rockets
✔️technologies in orbital/suborbital aerospace
✔️aerial drones
✔️3D printing.
The fund is composed of 38 individuals companies and ARK’s 3D printing ETF ($PRNT) as their second-largest holding.
2️⃣ The space industry can be valued at ~$400 billion with projections to hit ~$1 trillion by 2040.
@SpaceCapital reported that since 2011 $177B of cumulative equity has been invested across 1,343 companies. The majority of coming from the U.S. (47%) & China (29%).
GDP in the U.S. in 2035 will achieve ~$40 trillion from ~$21 trillion today driven by the convergence of 14 technologies released by ARK Invest in their Big Ideas 2021 Report.
Curious to know what they are?
Time for a breakdown 👇🏽👇🏽👇🏽
1️⃣ Historically, innovations such as the steam engine, electricity, ice, computers, and the internet were transformative to humans globally.
Today @ARKInvest believes that AI, DNA sequencing, robotics, energy storage, and blockchain technology will do the same.
2️⃣ In the next decade the five technology platforms and the 14 specific technologies will expand from less than $6 trillion to $50 trillion in value and wealth creation.
The electric vehicle revolution groundwork is established with the advancements in battery technologies, infrastructure, and government policies. Today a new "Tesla" of commercial vehicles has emerged to lead the pack.
Time for a breakdown 👇🏽👇🏽👇🏽
1} Proterra, @Proterra_Inc was founded in 2004 with a vision to advance electric vehicle technology and built top-tier commercial vehicles.
The company offers three business lines:
- Powered: battery systems
- Transit: electric buses
- Energy: charging infrastructure
2} Market forces have reacted from the alignment of government, companies, and technology in the industry.
- States are targeting 100% zero-emission by 2050
- The world’s largest logistic companies fleets (UPS, Amazon) are going electric
- 85% decline in battery costs
The age of banks is slowly coming to an end. Fintech companies offering digitization, decentralization, and cryptocurrencies are on the rise.
There is one company aiming to lead the pack and allow everyone to participate and thrive in the economy.
Time for a breakdown 👇🏽👇🏽👇🏽
1} Square (@Square) was founded in 2009 by Jack Dorsey and Jim McKelvey out of a simple small transaction. Jim, an artisan, could not sell $2,000 worth of handblown glass because the buyer did not have enough cash on hand and he couldn’t accept credit cards.
2} From this small idea emerged a $75 billion company offering 30 products and services in two ecosystems.
- Seller Ecosystem: software, hardware, and financial services to help start, run, and grow a business
- Cash Ecosystem: Individuals can send, spend, and invest money