Amazon Accumulates Cash with Record Corporate Bonds; Executives Sell Small Amounts of Stock

On March 13, Amazon.com, Inc. (NASDAQ: AMZN) finalized the terms for a new unsecured bond offering totaling approximately $37 billion (KRW 50 trillion) under its existing debt issuance program. The offering comprises 11 series of fixed- and floating-rate notes maturing between 2028 and 2076. Separately, on April 1, Global Stores CEO Douglas J. Herrington sold 1,000 shares of Amazon stock under a pre-established Rule 10b5-1 trading plan for roughly $210,000 (KRW 280 million), a modest disposition compared to his total shareholding valued at about $110 million (KRW 150 billion).

Amazon is reportedly in discussions to acquire satellite communications operator Globalstar as part of its push to build a low-Earth-orbit (LEO) satellite network, underscoring its expansion into space and satellite infrastructure. The $37 billion bond issuance is intended to fund investments in AI infrastructure and cloud data centers, marking one of the largest capital raises among Big Tech firms.

Amazon is a leading U.S. Big Tech company offering global e-commerce, cloud computing, digital advertising, and subscription services, with online and offline retail operations across North America, Europe, and Asia. Alongside Alphabet, Meta, and Oracle, Amazon has been ramping up its investment in AI infrastructure, pursuing multiple bond issuances in the tens to hundreds of billions of dollars, and driving the fundraising momentum of hyperscaler companies in the U.S. investment-grade corporate bond market.