Palantir Is Worth $413 Billion. The $500 Billion Line Sits Almost Exactly at Its Record High.

At Palantir's current share count of about 2.4 billion, a $500 billion valuation implies a stock price of about $208.

The stock's record high of $207.52, set in early November, sits less than 1% below that level.

Palantir Technologies (NASDAQ: PLTR) closed Friday at $172.01, a 10% jump for the session, and about 37% above where the stock traded before its second-quarter report landed on Aug. 3. That price values the artificial intelligence (AI) software company at about $413 billion.

That's a big number. But it puts an even bigger one within view: What would it take for Palantir to be worth $500 billion?

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The company had about 2.4 billion shares outstanding as of late July, so a half-trillion-dollar valuation works out to about $208 a share. Palantir's record high, reached in early November, is $207.52.

The gap between the stock's all-time high and the $500 billion line, in other words, is about 55 cents.

Run the record high through today's share count, and the result is about $499 billion. The market has already, at least briefly, bid this company to within a rounding error of half a trillion dollars.