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Elon Musk’s Mars mission adds risk to red-hot SpaceX IPO
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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 $25 billion at a valuation exceeding $1 trillion, which would rank among the largest initial public offerings in history.
Musk…
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