Musk’s Mars mission adds risk to SpaceX IPO

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.

- JOEY ROULETTE, ROSS KERBER AND ECHO WANG

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 $25 billion at a valuation exceeding $1 trillion, which would rank among the largest initial public of