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Hongwei
on July 10, 2020
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Rackspace S-1
For those who don't remember, here's what happened last time:
https://www.thestreet.com/technology/rackspace-ipo-starts-ou...
Wish them luck this time!
newguy1234
on July 10, 2020
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I wouldn't buy into this IPO. The problem is rackspace doesn't really have much of a moat and the space is highly competitive.
psds2
on July 10, 2020
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The space has a moat though - it takes a huge investment and long time to become competitive in this low margin space. Rackspace has shown themselves to be a market leader within this moat.
discodave
on July 10, 2020
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Their capex looks to be ~$2-300MM. That's approximately 1% of what AWS spends.
https://www.platformonomics.com/2020/02/follow-the-capex-clo...
jgalt212
on July 10, 2020
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[–]
True, containers are all the rage, but it is quite arduous to move a database from one cloud provider to another.
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Wish them luck this time!