Don’t Buy SpaceX. Buy These Space Monopolies Instead SIH

Date: 2026-06-09 11:00:13

×

🚀 Learn more about Dave Lashmet’s Space Venture 2026 presentation: https://www.SpaceXVenture2026.com
🔔 Gain an instant edge over Wall Street: https://stansberrydigest.com/

Should investors buy SpaceX when it goes public?

According to longtime Stansberry analyst Dave Lashmet, the answer is a resounding no.

In this week’s Stansberry Investor Hour, Dan Ferris sits down with Dave Lashmet for a fascinating deep dive into one of the hottest investment themes of the decade: space.

But instead of telling investors to chase the biggest name in the industry, Dave explains why he believes SpaceX—and particularly Starlink—may be one of the most misunderstood businesses in the market.

Dave argues that despite its technological achievements, Starlink faces fundamental economic challenges:

• Why satellite internet may never compete with terrestrial cell towers
• The hidden capital costs investors aren’t paying attention to
• Why Starlink’s economics worsen as more users join the network
• And why SpaceX could become a massive capital sink rather than a cash-generating machine

The conversation begins with one of Dave’s most controversial claims:

SpaceX is a “Tower of Babel.”

Dave explains:
• Why Starlink suffers from a negative network effect
• How satellite bandwidth limitations create structural challenges
• Why space-based communications are always technologically behind ground networks
• And why investors should separate technological success from investment success

But the discussion doesn’t stop there.

Dave then reveals where he believes the real opportunities in space investing exist—not in the companies burning billions to launch satellites, but in the businesses building critical infrastructure, observation systems, and next-generation space technologies.

The discussion covers:

• Why Google, Apple, and Amazon may be the real winners from satellite connectivity
• The economics behind Starlink and SpaceX’s growing capital requirements
• Advanced shortwave infrared satellites that can see through clouds, fog, and dust
• Near-space aerospace platforms and the future of missile defense
• Lunar landers, moon-based energy systems, and NASA’s next frontier
• Why government spending could create massive opportunities in space infrastructure
• And how investors can identify the businesses with real competitive advantages before Wall Street does

Perhaps the biggest takeaway from the episode is this:

Space is valuable.

But that doesn’t mean every space company is a good investment.

The investors who succeed in this sector may not be the ones buying the most famous names—but the ones identifying the businesses with unique technologies, durable moats, and long-term economic value.

CAN’T WATCH THE FULL EPISODE? START HERE:

0:00 – Intro: Should You Buy SpaceX?
1:30 – Why SpaceX Is a “Tower of Babel”
4:30 – The Economics of Starlink
8:00 – Why Satellite Internet Faces Structural Limits
12:30 – The Hidden Cost of Space Infrastructure
15:00 – Google, Apple & Amazon as Space Winners
20:00 – Why SpaceX May Be a Trade, Not an Investment
24:00 – The Future of Space Investing
30:00 – The Accidental Breakthrough in Satellite Imaging
34:00 – Shortwave Infrared Technology Explained
38:00 – The Space Observation Opportunity
40:00 – Near Space & Golden Dome
45:00 – Lunar Landers & Moon Infrastructure
49:00 – The Government’s Growing Role in Space
51:00 – Final Takeaway: Space Is Valuable