Donald Trump is back and so is the boom for Palantir (NYSE:PLTR) – and a couple of its early founders are reaping the benefits. Joe Lonsdale and Stephen Cohen, Peter Thiel’s close associates, joined the billionaire club thanks to a massive rise in Palantir’s stock value following Trump's reelection. They own only a small slice of the company – less than 2% each – but it’s more than enough to make them new billionaires.

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Palantir, the secretive software company known for its work with government agencies, has seen its stock price shoot up more than 270% this year, partly because of Trump's victory and the expectation of increased defense spending. With deep ties to government contracts and projects that align well with Trump's priorities, investors seem to be betting big on Palantir's future.

Joe Lonsdale, who left Palantir in 2009, still holds about a 1% stake in the company, which Forbes estimates is worth roughly $1 billion. Lonsdale, who's been vocal about his support for Trump's reelection, called this moment “morning again in America” and tweeted, “Daddy’s Home.” Through his venture firm 8VC, he's invested in other defense and software companies, solidifying his role as a key figure.

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Stephen Cohen, who's still president of Palantir, owns about 1.5% of the company's shares. He and Lonsdale worked closely with Peter Thiel, Palantir's better-known cofounder and were part of Thiel's inner circle during the company’s early days. Both men – in their early forties – now have significant fortunes due to their involvement in the company, all thanks to their early involvement and the recent surge in its value.