Stephen Miller, a top advisor to United States President Donald Trump, has disclosed a major financial stake in Palantir as the technology company continues to receive contracts from the administration.
Miller, who is Trump’s deputy chief of staff for policy and is spearheading the administration’s deportation efforts, owns between US$100,001 and $250,000 in Palantir stock, according to White House financial disclosures.
Palantir has recently been granted significant no-bid contracts from Immigration and Customs Enforcement (ICE) to aid in the Trump administration’s deportations. “ICE has conducted extensive market research that suggests there are no vendors other than Palantir capable of performing the necessary work to meet ICE mission needs,” the agency said earlier this month.
These contracts include a US$30 million deal to develop a new surveillance system for immigrants. According to ICE and Palantir, its Immigration Lifecycle Operating System would provide data to identify and deport undocumented immigrants.
Miller’s stake in Palantir is included in the brokerage account for one of his three children, all of whom are under the age of six.
“Given Palantir's contracts with ICE, and Miller's work with the agency, that raises ethics concerns,” wrote non-profit Citizens for Ethics.
He also reported dividends of US$100,001-$250,000 from GE Aerospace in his children’s brokerage accounts, and shares or dividends worth up to $100,000 in companies like Amazon, Microsoft, and Blackstone.
At least 11 other Trump administration White House staffers have owned stock in Palantir, according to the Project on Government Oversight. At least four Trump appointees at the Department of Homeland Security, which manages ICE, also hold Palantir shares.
Palantir’s stock has risen by 90.05% in 2025 to date, and reached an all-time high of US$146.09 on Wednesday. It is the highest-performing stock in the S&P 500.
The company’s share price closed at US$142.90, down from its previous close of $143.23. Its market capitalisation is $337.23 billion.
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