Brighter with Herbert Recap: SpaceX's Compute Plans, Bank Price Targets and Starlink News

The latest full video on the official "Brighter with Herbert" YouTube channel, "Every SpaceX Investor Needs To Hear This Call", was posted on October 25, 2026 and runs about 30 minutes and 20 seconds. Host Herbert talks with Larry Goldberg, whom the video describes as a serial entrepreneur and venture capital investor (he posts on X as @TeslaLarry). They react to SpaceX's most recent earnings call: the company's plans to build huge amounts of AI computing capacity, how that might be paid for, why they think Nvidia benefits, the price targets several banks raised afterward, how a Starship catch works, and recent Starlink news about mobile service and airline Wi-Fi. Both speakers are enthusiastic SpaceX investors, so please read this as one side of the discussion.

This is an independent summary written by GNOUP. It is not affiliated with, sponsored by or endorsed by Brighter with Herbert, Herbert, the guest, SpaceX, Tesla, Nvidia or anyone else named in the video. The views, forecasts and claims described below belong to the speakers, not to GNOUP. Nothing here is investment, financial, legal or tax advice, and nothing here is a recommendation to buy or sell any security. Bank price targets and forecasts can turn out to be wrong, and past performance does not guarantee future results. The channel's own disclaimer says its content is for discussion only and that the host may hold Tesla shares and other stocks. Please consult a licensed financial professional before making financial decisions.

Key takeaways

These are the speakers' opinions and statements. GNOUP has not checked the figures or claims.

• A very large compute goal. Herbert says that on the earnings call SpaceX talked about having about 2.5 to 3 gigawatts of AI computing capacity by the end of this year and more than 10 gigawatts next year, which he adds up to roughly 13 gigawatts, with Elon Musk saying there is a path to around 20.
• Revenue math. Herbert says each gigawatt could bring in about $30 billion to $50 billion a year at the rates customers are paying, which is how the video arrives at a possible $500 billion to $1 trillion yearly revenue run rate. He calls that enough to make SpaceX the largest company on Earth, which is his opinion.
• Brad Gerstner's numbers. The show plays a TV clip of investor Brad Gerstner, who says SpaceX is standing up about 200,000 Nvidia GB300 chips a month and estimates SpaceX alone could account for about a quarter of new US computing capacity next year. Larry says the cost of the buildout is roughly one year of the revenue it would bring in, and that CFO Brett Johnson suggested payback could be as short as six months.
• The funding puzzle. Larry's main question is where the first $400 billion or so comes from before the revenue arrives. He thinks it will take sophisticated underwriting by the world's largest banks, backed by commitments from SpaceX's computing customers, and calls it a massive funding operation that only the United States or possibly China could pull off.
• Why Nvidia may win big. Herbert cites a post from Milk Road estimating that Nvidia could collect most of every dollar SpaceX spends on this buildout. Larry says he has not checked that breakdown, that the share sounds a little high to him, but that he expects Nvidia to do very well over the next three to five years.
• Banks raised their targets. Herbert lists six banks that raised their SpaceX price targets after the call, including JPMorgan (from $240 to $500), Barclays, Wells Fargo, Citi and UBS, and says Bank of America also raised its target. Larry says his own earlier valuation work turned out to be too low after the call.

Newsworthy insights

These are claims, predictions and opinions from the video. GNOUP has not verified them, and other analysts may disagree.

• Musk's personal involvement. The video cites a report and the earnings call saying Elon Musk has often spent four days a week in Memphis working on the data center buildout, and that SpaceX is paying employees 20% extra to volunteer for data center construction.
• A Morgan Stanley view. Herbert reads a Morgan Stanley note from analyst Adam Jonas suggesting that getting customers to pay for computing infrastructure SpaceX will later use for its own work, such as training robots, is essentially a funding strategy.
• Starship pace. Herbert says SpaceX guided to weekly Starship launches in the first half of next year and more frequent launches in the second half. Larry says he expects SpaceX to beat those numbers, which is his prediction.
• How a Starship catch works. Larry, who says he plans to attend a launch in November, describes the booster returning within minutes, a sonic boom as it slows, and the tower's "chopsticks" catching it. He expects the ship itself to be caught later, possibly up to about 12 hours after launch, because the booster first has to be moved out of the way.
• Peter Diamandis's big picture. A clip of Peter Diamandis describes SpaceX as no longer just a rocket company but a superintelligence, communications and infrastructure company, and says energy and infrastructure, not chips, are now the bottleneck.
• Starlink Mobile and spectrum. Herbert says SpaceX received FCC approval to acquire three more spectrum licenses for its planned Starlink Mobile network. Larry speculates that Tesla vehicles could one day help extend networks, while saying the strategy has not been shared yet.
• Airline Wi-Fi. A clip of United Airlines' CEO says customers are moving from other airlines partly because of Starlink Wi-Fi, while noting the evidence is mostly anecdotal so far. Both speakers say they prefer flying with Starlink Wi-Fi.
• A merger episode is coming. Herbert says the next show will discuss a possible Tesla-SpaceX merger, with Larry taking a contrarian view.

Watch the video

Every SpaceX Investor Needs To Hear This Call on YouTube (official channel "Brighter with Herbert," @BrighterwithHerbert, posted October 25, 2026, about 30 minutes 20 seconds)

Episode guide

Chapter times come from the video's own chapter list. Each time opens the video at that point on YouTube.

• 00:00 The compute and revenue figures from SpaceX's earnings call
• 02:20 Brad Gerstner's math on SpaceX's buildout
• 08:10 How the first $400 billion might be funded
• 12:57 Why the speakers see Nvidia as a big winner
• 16:43 Banks raise their SpaceX price targets
• 19:28 How a Starship catch works
• 21:55 Peter Diamandis on the bigger picture
• 24:13 Starlink Mobile and new spectrum
• 26:43 Airlines and Starlink Wi-Fi

About this summary

This recap was prepared from the video's title, its description and chapter list on YouTube, and an automatically generated transcript. The transcript has no speaker labels, so we attributed points to Herbert or Larry where the context made it clear. Automatic transcripts can garble names and numbers, so some figures may differ from the audio, and we left out numbers that were unclear. We also left out the channel's website, membership, merchandise and sponsor links and the guest's business website. GNOUP has no connection to any product, offer or company mentioned and does not promote them. For the exact words and context, watch the video. This article is general information only. It is not investment, financial, legal or tax advice, it does not recommend buying or selling any security, and it is not a substitute for advice from a licensed financial professional.