1. They have in fact had "that much" funding, $2.6B according to Crunchbase

2. Likely their actual cashflow is not as bad - I suspect that, likely other tech cos, they have a lot of expenses in the form of stock comp, which is not an actual cash cost to the company. but must be accounted for per GAAP.

GAAP or non-GAAP? If it's GAAP then losses can largely stem from stock awards paid to employees...

Credit has been pretty free flowing since 2008 and with near 0% interest rate a lot of different classes of investments aren't as attractive. SV and tech has greatly benefited from this as they're one of the sectors of the US economy that has really stood out in terms of growth.

Government funded companies are really something else

This is a very important topic I hope everyone has eyes on.

The biggest media/entertainment conglomerates, NGOs etc - many of these are in this boat.

The secret is that the compensation is in "soft" power for the ownership and execs, not financial gain¹.

¹(They likely have that covered too, especially with their "new" soft power).

With enough of hype and right people behind your company, it's very easy to get money in silicon valley.

Not just in silicon valley.

Probably get a lot of dark money that never has to be reported to the public due to security protections. AKA they can't reveal exactly how much they spend or what projects they work on when they do work for CIA/NSA/FBI. Revealing the amount of money would give enemy states too much info. This helps keeps the guessing and likely Palantir's coffers full and the execs fat and happy.

Government?