> "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.
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.
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.