Palantir is moving its HQ to Miami, joining other major firms fleeing California's wealth tax proposals. Relocating to a zero-income-tax state improves the company's ability to attract talent (who keep more pay) and reduces corporate overhead/tax friction. It aligns the company with a pro-business jurisdiction. Long PLTR on favorable jurisdictional arbitrage. Disruption from the physical move; potential loss of talent unwilling to relocate from Denver/California.