Jul. 19 at 1:23 PM
Bank of America thinks Amazon isn't just competing in e commerce anymore. The next battleground could be space broadband.
Their estimate points to Amazon capturing around 25% of the global market by 2032, translating to roughly
$14B in annual revenue. The bigger story, though, is the ecosystem. If satellite connectivity brings another 2B people online, that's a massive funnel into Amazon's shopping, cloud, advertising, and digital services.
To me, this isn't just another revenue stream. It's another long term growth engine that the market may still be underestimating.
$AMZN
Happy trading day! Buying strength or waiting for a pullback? Have a great session.