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Spez has 2000 employees and nobody that can run a server.
According to his comments, he paying for server time. If he is not lying (and lying would also be making material false statements ahead of an IPO - even rich people go to jail for stealing from rich people) he a spending $10 million per year for just the Apollo traffic. That means he is paying 100s of millions per year total.
For that spend a decent CEO would bring that in house.
Good thing he's not known for being a liar.
It looks like they're sending everything, including api calls through Fastly as an edge service with their actual boxes being hosted with Amazon services. It'd be more likely they're paying 10m a year to host the whole site, depending on how much Fastly is charging them for traffic.
Let's not pretend to believe that the price hike is meant solely to cover the actual costs. My opinion is that this is a veiled attempt to restrict who's allowed to use the API by setting the price unreasonably high, where only large corporations, who profit from scraping reddit's content, can afford it. Big Data and AI research in particular.