[m-i-l]

> "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.

[JumpCrisscross]

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

Was this obvious early on?

[marcosdumay]

TBF, it was obvious for Uber too, but when that one decided to cash on the results of the growth, there wasn't much they could take. So it's not a certain thing by any means.

But anyway, it's also clear SpaceX isn't doing the same as Amazon.

[sumeno]

Yes, every time there was discussion about Amazon not being profitable it was discussed.