Best business model in the world, buy stuff in big bags, put it in smaller ones, sell at a multiple of the original price.

Fly is mostly (to my knowledge) reselling Netactuate and OVH servers, their main innovation is the developer experience on top, using Docker on a MicroVM based approach. Of course not only that, but I think it’s their main differentiator.

Haven’t used that in a while but Scaleway offered ridiculously cheap dedicated ARM hardware close to these price points, not sure if they still do.

Isn't that most business models? Make it easier to do something. A car is easier than a bike. A grocery store is easier than talking to a farmer. Ordering a cab is easier than walking. A VPS is easier than managing your own hardware.