Amazon conference call: $200 billion spending shocks stock price! Satellite project burns $1 billion in a single quarter, CEO defends "capacity equals monetization," AWS orders surge by 40%

Despite AWS backlog orders surging 40% to $244 billion, the market was spooked by Amazon's projected capital expenditures of $200 billion in 2026, leading to an 11% drop in stock price after hours. The CFO warned that the low Earth orbit satellite project will incur an additional $1 billion in costs in Q1, severely dragging down profit guidance. However, the CEO defended that the massive investment is not a "Don Quixote-style fantasy," emphasizing that AI capacity "can be monetized as soon as it's installed," and betting on AI agents to reshape the e-commerce experience