There’s a lot going on in this verse, which most commentators consider a messianic prophecy. Onkelos (who considers it to refer to a king but not necessarily the Moshiach) renders it: “I see him, but not now; I behold him, but he is not near; a king will arise from Jacob, and an anointed one from Israel. He will kill the princes of Moab and rule over all mankind.” Through this, he explains the metaphors of “star” and “scepter,” and clarifies such terms as “smite,” “corners” and “sons of Seth” (Adam’s third son, from whom all mankind is descended.)