Brighter with Herbert Recap: Larry Goldberg on SpaceX's Stock Drop, Starlink Mobile and the Falcon 9 Wind-Down

The latest full video on the official "Brighter with Herbert" YouTube channel, "SpaceX Stock Fell Hard. SpaceX Business Kept Winning!", was posted on November 9, 2026 and runs about 29 minutes. Host Herbert is joined by Larry Goldberg, whom he introduces as a serial entrepreneur and venture capital investor. Recorded on a Thursday night after a sharp drop in SpaceX and Tesla shares following the election, the conversation asks whether the market priced in a real risk or simply sold SpaceX along with other AI stocks, then runs through the week's SpaceX business news. Both speakers are strongly pro-SpaceX, 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, Larry Goldberg, Elon Musk, SpaceX, Tesla 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. The channel's own disclaimer says its content is for discussion only and that the host is long Tesla and other stocks. Please consult a licensed financial professional before making financial decisions.

Key takeaways

These points come from the video. They are the speakers' views and their readings of news reports and posts; GNOUP has not checked the figures.

• The sell-off, in their view. Herbert says investors sold off most AI stocks after the election and SpaceX and Tesla fell with them. He points to two real worries: SpaceX's large data center plans in Texas, where he says the newly elected governor wants to pause new data centers, and banks selling pieces of a SpaceX chip-financing loan. Larry, who says the stock fell to around $128, calls the drop an opportunity for long-term investors and says he is an investor, not a trader.
• Data centers may slow, but Larry says that is not the core of the value. Larry expects data center projects that have not already met all their requirements to be slowed by state decisions, and urges more caution than some other guests. But he argues that most of SpaceX's present value (he says about 80% to 90%) rests on the potential of orbital, space-based data centers, which depend on Starship, a federally regulated program that he believes states cannot block.
• Starlink Mobile picks Qualcomm. Herbert reads Qualcomm's announcement that SpaceX selected it to supply chips, radios, baseband units and software for Starlink Mobile's own nationwide 5G network in the US, with deployments across tens of thousands of cell sites starting in 2027. Larry explains why the network needs both tower equipment and phones that can connect to towers and satellites, and says that while he has long doubted Tesla would make handsets, this could be a reason one appears.
• Falcon 9 winds down for Starship. They discuss reports that SpaceX has stopped selling new commercial Falcon 9 launches for after 2028, that Crew Dragon flights for NASA end by 2030, and Elon Musk's post that Falcon winds down once Starship flies several times a week. Larry compares it to SpaceX dropping Falcon 1 soon after its first success and calls it playing where the puck is going.
• A bigger Wall Street forecast. Herbert notes that Morgan Stanley's Adam Jonas nearly doubled his 2027 SpaceX revenue forecast to about $175 billion, with about $300 billion for 2028, and says some think 2027 could come in even higher. Larry says his own SpaceX model also turned out too cautious.

Newsworthy insights

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

• Starlink growth figures. Herbert says Starlink subscribers roughly doubled in a year to more than 13.5 million, and that of about 16,800 active satellites in orbit as of October 31, around 11,000 are Starlink (he puts it at about 66%).
• Fewer dead zones. Herbert cites a third-party connectivity tester reporting that the "no signal" rate in US road testing fell from about 2% to 0.5%, and Larry adds that the data refers to T-Mobile, which partners with Starlink.
• FCC rule change. They discuss an FCC vote, 3 to 0 by Herbert's account, to advance satellite-to-phone rules despite opposition from the big carriers. Herbert notes it is a proposal, with public comments and a second vote still to come. Larry frames it as a rule for open competition that would apply to rivals too, not a favor to one company.
• Airlines and governments. Herbert lists reported Starlink adoption by airlines (he says United has it on about half of its daily flights and Emirates on 65 aircraft) and by Norway's government for military and government use.
• The loan sale. On reports that Goldman Sachs and Apollo are marketing slices of a $40 billion Nvidia chip financing package for SpaceX, Larry explains it as lenders selling pieces of a loan SpaceX already secured, says the issue is political timing and sees no risk to SpaceX from it.
• Other notes. Herbert says Cathie Wood's ARK bought about 350,000 SpaceX shares on one of the down days, and shows footage of construction progress at SpaceX's Gigabay facility near Kennedy Space Center (Larry points out the image shows a factory, not the Gigabay). Larry also shares a story about Starlink offering him, as an early customer, a free replacement antenna.
• Anthropic and the IPO race. Herbert says prediction markets now give Anthropic about a 28% chance of the year's largest IPO. Larry argues Anthropic has enough cash that it does not need to go public soon and may simply wait.

Watch the video

SpaceX Stock Fell Hard. SpaceX Business Kept Winning! on YouTube (official channel "Brighter with Herbert," @BrighterwithHerbert, posted November 9, 2026, about 29 minutes)

Episode guide

The video's YouTube description does not include chapter timestamps, so times are not listed. Topics appear roughly in this order:

• Intro: the post-election sell-off and the week's SpaceX news
• Larry on the stock drop and buying opportunities
• Texas, state rules and the outlook for new data centers
• Orbital data centers, Starship and where Larry sees SpaceX's value
• Starlink Mobile and the Qualcomm 5G deal
• Larry's Starlink customer story
• The FCC satellite-to-phone vote
• Dead zones, subscriber numbers and Starlink's share of satellites in orbit
• Starlink on airlines and with governments
• Falcon 9 and Dragon winding down for Starship
• Gigabay construction footage
• The $40 billion chip-financing loan sale
• Morgan Stanley's higher revenue forecast
• Anthropic and the race for the largest IPO
• Closing; channel plugs (not summarized)

About this summary

This recap was prepared from the video's title and description on YouTube and its automatic transcript. Automatic transcripts can garble names and numbers, so we left out names and figures we could not confirm (for example, the transcript names the network operator and the connectivity tester inconsistently). We also left out partisan political remarks about parties, officials and other countries, a rumor about a possible acquisition, comments on AI model versions, the guest's website, and Brighter Finance, options course, referral, merchandise, Patreon, membership and product links. GNOUP has no connection to any product, offer or company mentioned, takes no political position, and does not promote any of 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.