SpaceX’s main source of revenue is its Starlink satellite internet service rather than reusable rockets, according to results disclosed ahead of a planned IPO. Starlink-related connectivity services made up 61 percent of consolidated revenue last year and 69 percent in the first quarter. Starlink generated the largest revenue and profit, while the rocket launch business posted a loss and the AI segment recorded a larger deficit. Filings also highlighted rising regulatory, operational and geopolitical risks.

Starlink will stop providing a location-information feature it has offered to some users from May 20, local time. The feature has been used as a de facto auxiliary navigation tool in environments where GPS signals are jammed. SpaceX earlier acknowledged Starlink could provide positioning, navigation and timing services, and some users accessed dish location data through the app’s debug menu. SpaceX did not explain why it is ending the feature, as interest in GPS alternatives grows.