Follow the CAPEX: Cloud Table Stakes 2020 Retrospective #bonkers platformonomics.com/2021/02/follow…
The three hypercloud companies – Amazon, Google, and Microsoft – collectively spent almost $97 billion on CAPEX in 2020
The reported numbers are the companies’ total CAPEX spend, not just cloud infrastructure, so includes land, office buildings, campus redevelopments, warehouses, panopticonvenience stores…
In 2020, Amazon’s CAPEX was up a mere 69% to just shy of an absolutely bonkers $54 billion, Google’s spend declined over 5% to $22.3 billion and Microsoft’s increased 14% to $20.6 billion.
It is beyond bonkers that “a company that sells books” spends more on CAPEX than any other company
Where “any other company” is defined as the random set I looked up…
The three hyperclouds’ cumulative CAPEX spend since 2000 is almost $444 billion, with over $170 billion of that occurring in the last two years. Efforts to find an amusing comparable failed.
I await Congressional hearings on what went wrong with the space elevator.
Microsoft’s CAPEX remains boring, monotonic and inscrutable…
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