In an outlandish presentation that had attendees reeling in disbelief and ended just moments ago at Amazon.com’s (ticker AMZN) Seattle headquarters, CEO Jeff Bezos introduced the e-tailing giant’s next initiative. And, if you can believe it, he did it while wearing a space suit:
“At Amazon, we believe in the future of the moon. And so, we will break ground on construction of our first distribution center on the moon next quarter. In the first half of next year, we will also begin construction on our first Lunar Amazon Residential Kommunity also know as LARK. Obviously, this will be an expensive project, which will put pressure on earnings the next several years. But we expect to be net income positive by sometime around the year 3000.” Continue reading