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Even 40-year bonds dare to issue—Bezos is betting the future on the AI computing power arms race.
According to market final pricing information, due to peak subscription orders reaching approximately $62 billion, the final bond issuance spread has narrowed significantly compared to the initial guidance.
Amazon has raised approximately $64 billion cumulatively in the bond markets of the US, Europe, and Canada this year. If this issuance is included, its total bond issuance in 2026 will approach $90 billion. Amazon expects its capital expenditure in 2026 to be as high as $200 billion, with most of the funds to be used by AWS to purchase chips, servers, and expand data centers.