Optionality

mixed/constrained — governance free (Bezos single-class, no returns to fund) but operating cash fully pre-committed to ~$150B/yr capex; FCF negative

high confidence · as of 2026-07-26 · about Amazon

Sourced figures 2

stockanalysis.com AMZN cash-flow statement capex $151B TTM > OCF $148.5B TTM -> FCF -$2.5B; no dividend/buyback claim competing
2026-03 high
companiesmarketcap.com (aggregate page) market cap ~$2.496T (SIDE-LABEL, not commanded capital)
2026-07 med

the working

Threads 8

Hyperscaler Capex open
AWS Capex developing
Compute Spend open
Power Buildout open
In-House Silicon open
Nuclear for AI open
Big Tech into Health open
Amazon Health open

A claim is one metric we assert about a node — the value is the summary, this page is the receipt. Sourced from kestrel; supersedes-history not yet shown. Back to Amazon.