logoalt Hacker News

m-i-ltoday at 9:10 AM1 replyview on HN

> "Amazon famously remained unprofitable due to reinvestment and waiting for them to become profitable before investing was a bad bet."

Amazon wasn't profitable because it reinvested earnings into growth, while SpaceX is funding it's growth by taking on very significant levels of debt (which will take a big chunk of future earnings just to service). These aren't comparable from a risk perspective.


Replies

JumpCrisscrosstoday at 9:18 AM

> Amazon wasn't profitable because it reinvested earnings into growth

Was this obvious early on?

show 2 replies