Key insights
- The author argues Amazon is undervalued due to its satellite internet capabilities (Project Kuiper) being overlooked. They believe Amazon's space initiatives, combined with its cloud dominance and advertising business, create a significant moat not reflected in its current valuation compared to SpaceX. The author suggests institutional investors are missing the bigger picture.
heads up i am busy man and dont like to drop detailed analysis - you can ask any AI to do research for you and even debate with it.
My message is as simple as is. Amazon Leo, Globalstar and outsourcing of big pipeline of new satellites is a Moat which just sit on Amazon stock as sort of Capex. Institutions price Amazon as Walmart with better margins while it is #1 cloud, cloud/Ai, third largest marketing layer and now actually second Space/satelite internet company.
but sure vanguards and blackrocks stuck with outdated iPhones and temporary gpu spikes. Now they subsidize SpaceX which merely should be valued at 10-20% of current Amzn valuation. Stupid or blind? Or both?