$40b is 2/3rds Lockheed Martin. Seems unreasonable - I do not understand how people assume no competition for Palantir in 5 years either. Currently the DoD spends about $50b in IT and even if that goes to $150b I find it highly unlikely Palantir gets 30% of the government’s IT spend. And the bull case rests on assumptions like this.
interesting where you get the cohort growth rates from?
It's just a different way to present net dollar retention
$40b is 2/3rds Lockheed Martin. Seems unreasonable - I do not understand how people assume no competition for Palantir in 5 years either. Currently the DoD spends about $50b in IT and even if that goes to $150b I find it highly unlikely Palantir gets 30% of the government’s IT spend. And the bull case rests on assumptions like this.