$10,000 in Palantir at its 2020 listing → $130,000–$150,000 today.

Palantir went public in September 2020 via a direct listing at a reference price of $10 per share - no IPO hype, just market-driven pricing from day one.
📈 The stock traded quietly at first. But as AI demand accelerated, momentum built. By 2025, shares peaked above $200, fueled by growth in AI and government contracts. Even after volatility, Palantir trades around $150 in 2026.
A $10,000 investment at the IPO would now be worth roughly $130,000 to $150,000 — a 10–13x return in about five and a half years ⚖️
The bigger story isn't just the return. It's the ride. Anyone who held through this period endured extreme volatility, including a drawdown of more than 70% along the way.