Unpacking Palantir’s Public Debut: CEO Alex Karp

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 1 October 2020

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

The high profile, highly controversial Palantir has finally gone public on the NYSE after 17 years of near-secret operation. CEO Alex Karp shares the company’s journey to this point, its pathway to profitability, and Palantir’s list of “cool” customers, from government agencies to the world’s most influential corporations. Journalists and CNBC contributors Joanne Lipman and Alex Kantrowitz unpack the listing, the company’s reputation and political affiliations, and what the election could mean for Palantir’s investors. Plus, biting into “bread” at Subway.

Transcript

Click on a timestamp to play from that location

0:00.0	This is Squawk Pod. I'm C. M. C. C. C. Cramer, today on our podcast.
0:07.0	Unpacking Palantier, the high profile, highly secretive software company has operated quietly for 17 years and it's finally
0:15.1	on the public market. This is one of those anticipated ideas I think for maybe like
0:19.4	the past 10 years. CEO Alex Karp on why it took so long.
0:23.6	My lawyers will shoot me.
0:24.8	What I can tell you is we are very, very focused on building software a long time before
0:30.6	other people building it.
0:32.0	And how he expects to become profitable with a small but mighty
0:35.6	and mighty controversial list of customers.
0:37.9	Well, how can you have the super valuable company?
0:39.6	They're only 125 customers.
0:42.4	To which I respond.
0:43.4	Yeah, but they're the 125 most interesting institutions in the world.
0:47.0	I would ask people who are watching this to make a list of the institutions they admire
0:50.6	in the world and then roughly figure out if they're using
0:53.2	Palanter. That interview plus the politics behind the listing, journalist Joanne
0:58.4	Lippman. It's a company that is very, very closely aligned with the
1:02.1	Trump administration.
1:03.2	There's a huge question here about what happens if Trump does not win the presidency.
1:09.4	It's Thursday, October 1st, October 2020.
1:13.7	The year is still 2020.
1:15.8	Squack Pot begins right now.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from CNBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of CNBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.