Average time to IPO for tech companies is 7-8 years, so ten years without a profit for a VC-backed company is not at all unusual. Palantir is coming up on 20.
Palantir is a dumb shitty company that will file for bankruptcy. Unfortunately the VCs have already dumped it on to the dopes on Wall Street bets.
Current Palantir Technologies Probability Of Bankruptcy = 24%