I think you're basing this off of old technology. With webpack 2 and HTTP/2, this is less of an issue. But, the top comment's statement I think is the most valid: if you're loading static text, then simple html pages are the best. Notice the rise in popularity of static site generators for this purpose. A SPA will win out when you have lots of interactions and you only experience the initial loading of the first page once - and then the majority of your user experience is around interacting with the app.