People were paying 40x revenues for a company without any signal of product market fit (they have PMF in government, but the TAM there is limited and the revenue quality is worse, because Palantir literally sued the government to force them to hire them)

Let's see how the incredible 147 customers of Palantir compare to Snowflake?

-Snowflake has 5416 customers, growing 52% (they add one Palantir of customers each month) -Snowflake has 148 customers spending more than 1M, growing 128% -Snowflake has 223 Fortune 500 customers.

Palantir is so doomed that they have only 80 salespeople in the US market! To give you a comparison, Snowflake has a little army of 1672 people on their sales organization (it's pears to apples, I know)

Palantir "enormous" US commercial business did make 200M in revenue in 2021, growing 100%. Snowflake is growing faster and they did 273M in US commercial only in Q4.

This company is a ponzi scheme with beautiful presentations fooling retail investors. Be aware. While you buy they'll sell HUGE amounts of their stock options.