Peter Thiel, retreating from Silicon Valley's tech scene, is moving to LA

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In addition to PayPal and Facebook, Thiel made early investments in Elon Musk’s rocket maker Space Exploration Technologies Inc., or SpaceX, in 2008. He also helped launch Palo Alto software company Palantir Technologies Inc., which makes powerful data-analytics software used by military and intelligence agencies as well as commercial companies.

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