U.S. authorities may check Elon Musk's companies for compliance with national security interests after the controversial publications of the billionaire on Twitter

By: Maksim Panasovskyi | 21.10.2022, 14:19

In the administration of Joe Biden (Joe Biden) began talking about a possible inspection of Elon Musk's companies for compliance with the national security interests of the United States.

Here's What We Know

The reason was the American billionaire's recent controversial publications in Twitter. It is reported by Bloomberg with reference to the informants familiar with the situation. According to the publication, U.S. authorities are concerned about some of Ilon Musk's tweets on Twitter.

The head of Tesla and SpaceX in early October proposed his own "peace plan" for Ukraine, which included the recognition of Crimea as the territory of Russia, re-election in the occupied territories and non-accession of Ukraine to NATO. Two weeks later Elon Musk wrote that SpaceX could not pay for Starlink's work in Ukraine because of the high costs and asked for funding from the U.S. state budget. Although a few days later he changed his mind and withdrew the request.

In addition, the U.S. government has questions about the possible purchase of the social network Twitter together with foreign investors. These include Saudi Prince Al Waleed bin Talal Al Saud, Qatar's sovereign wealth fund and the Binance cryptocurrency exchange, whose CEO is Chinese businessman Changpeng Zhao. Against this backdrop, U.S. authorities have begun developing options to investigate the activities of the world's richest man.

The Committee on Foreign Investment in the United States (CFIUS) may be involved in the audit. It looks into transactions (including those completed) on the acquisition of U.S. firms by buyers from other countries. However, the body can work behind closed doors and is not required to confirm the audit.

Source: Bloomberg