Investors eyeing SpaceX’s potential blockbuster IPO may need to brace themselves as CEO Elon Musk balances his risky quest to reach Mars with growing the revenue-rich Starlink satellite broadband business that would offer more reliable shareholder returns.

SpaceX, which transformed space travel with reusable rockets and built a global satellite broadband network, is targeting a listing next year that could raise more than US$25- billion at a valuation exceeding US$1-trillion, which would rank among the largest initial public offerings in history.

Musk has always maintained that sending humans to Mars was his lifelong ambition. That should temper expectations that a publicly-listed SpaceX would narrow its focus on revenue-generating parts of the business like expanding Starlink into a dir

See Full Page