Michael Burry Sounds Alarm On Palantir, Flags CEO Alex Karp's 'Elevated' $17.2 Million Private Jet Tab

Core Insights - Michael Burry has once again targeted Palantir Technologies Inc. due to CEO Alex Karp's significant private jet expenses, which have raised concerns about corporate governance and executive perks [1] Financial Overview - Palantir's Form 10-K reveals that the company reimbursed CEO Karp $17.2 million for the use of his "Executive Aircraft" in 2025, marking a 123% increase from the $7.7 million reported for 2024 [2] - Financial analysts have found it challenging to reconcile the $17.2 million expenditure with standard aviation costs, with Jefferies' analyst Brent Thill noting that this spending is elevated compared to peers like Meta's Mark Zuckerberg and Palo Alto Networks' Nikesh Arora, who spent approximately $1.8 million and $2.4 million respectively on similar travel [3] Governance Concerns - The disclosure of Karp's travel expenses has reignited scrutiny regarding Palantir's internal controls, with critics arguing that the CEO's travel budget indicates a lack of the same financial discipline that the company promotes through its own software solutions [5]