Sightful Invest
  • Business
  • Investing
  • Politics
  • Stock
Top Posts
Albanian judge killed in courtroom shooting amid growing...
Hamas co-founder snaps after being questioned on Oct....
Trump directs Hegseth to pay troops during ongoing...
I was kidnapped by Boko Haram, and survived....
Trump announces shakeup at top of WH personnel...
Trump refuses to rule out striking Venezuela. What’s...
Venezuelan Nobel Peace Prize winner María Corina Machado...
Putin praises Trump’s peace efforts as ‘really doing...
War Department launches new counter-narcotics task force under...
Kim Jong Un shows off ‘most powerful’ ballistic...
  • Business
  • Investing
  • Politics
  • Stock

Sightful Invest

Investing

SEC Reopens Investigation on Neuralink and Musk’s Twitter Deal

by admin December 14, 2024
December 14, 2024
SEC Reopens Investigation on Neuralink and Musk’s Twitter Deal

The US Securities and Exchange Commission (SEC) has reopened its investigation into Neuralink, Elon Musk’s brain-implant company, alongside a probe into Musk’s acquisition of Twitter, now rebranded as X.

A letter from Musk’s lawyer, Alex Spiro, disclosed the development on Thursday (December 12), raising questions about the ongoing legal disputes between Musk and the SEC, according to a Reuters report.

The letter, addressed to outgoing SEC Chair Gary Gensler, outlines the reopening of the Neuralink investigation and a settlement demand regarding the Twitter takeover, which happened in 2022.

The SEC has reportedly issued Musk a 48 hour deadline to accept a settlement offer or face enforcement action.

Details about the settlement amount have not been disclosed, and the SEC has yet to comment on the matter, citing its confidentiality policy regarding investigations.

Musk’s contentious history with the SEC

The SEC’s investigation into Neuralink adds another layer to Musk’s longstanding conflicts with the agency.

While the exact nature of the Neuralink probe remains unclear, Musk’s acquisition of Twitter over two years ago has been under scrutiny due to the timing and disclosure of his stock purchases.

Musk began acquiring Twitter shares in early 2022, eventually reaching a 9 percent stake before announcing plans to buy the social media platform outright for US$44 billion.

The letter accuses the SEC of harassment, referencing prior legal battles between Musk and the commission.

In 2018, Musk faced a lawsuit from the SEC over a tweet claiming he had secured funding to take Tesla private.

That case was resolved with a US$20 million fine; Musk also had to step down as Tesla’s chairman, and Tesla lawyers were required to review some of his public statements.

In his letter to the SEC, Spiro criticizes the government body’s actions, questioning the motivation behind the investigations and alleging that they were politically influenced. The lawyer also demands transparency about whether Gensler or other government entities have been directing what Spiro calls a campaign against Musk.

Neuralink, which was founded by Musk in 2016, aims to develop brain-computer interfaces with potential applications in medical treatment and human enhancement.

The company has faced challenges, including public and legal scrutiny over its research practices.

In 2023, the Physicians Committee for Responsible Medicine and four US lawmakers urged the SEC to investigate Neuralink for possible securities fraud, alleging that the company made misleading claims about its technology.

Musk has frequently expressed disdain for the SEC in the past. Following the publication of Spiro’s letter, he posted an image mocking Gensler on X, accompanied by a dismissive caption.

Deepening relationship between Musk and Trump

The investigation comes at a crucial time for Musk as his influence expands.

He is a member of a task force established by President-elect Donald Trump to oversee government reforms, and spent significant resources supporting Trump’s political campaign.

In November, a federal judge denied an SEC request to impose sanctions on Musk for failing to comply with court-ordered testimony related to the Twitter acquisition probe. Currently the outcome of the reopened Neuralink investigation and the ongoing Twitter acquisition probe remains uncertain.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

previous post
Quetzal Copper Provides Update on Financing
next post
Democrats need new playbook to confront Trump, Kamala Harris pollster tells party

You may also like

Variation to Noteholder Agreements

May 22, 2025

Cizzle Brands Achieves Double-Digit Growth For All CWENCH...

March 6, 2025

Placement to Raise $1 Million

October 28, 2024

Top 5 Canadian Mining Stocks This Week: Kirkland...

August 9, 2025

Allied Critical Metals Announces $4 Million Strategic Non-Brokered...

July 29, 2025

Snow Lake Completes Due Diligence and Confirms Placement

August 11, 2025

Steve Barton: Gold, Silver, Uranium — Price Targets...

July 30, 2025

Further Exploration Targets Identified at Bayan Springs

January 20, 2025

Company Update

August 12, 2024

Quetzal Copper Announces Closing First Tranches of Financing

December 28, 2024

Recent Posts

  • Albanian judge killed in courtroom shooting amid growing anger over justice system reforms
  • Hamas co-founder snaps after being questioned on Oct. 7 aftermath: ‘Go to hell’
  • Trump directs Hegseth to pay troops during ongoing government shutdown standoff as he rails against Schumer
  • I was kidnapped by Boko Haram, and survived. No thanks to the West’s silence
  • Trump announces shakeup at top of WH personnel office

    Sign up for our newsletter to receive the latest insights, updates, and exclusive content straight to your inbox! Whether it's industry news, expert advice, or inspiring stories, we bring you valuable information that you won't find anywhere else. Stay connected with us!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Categories

    • Business (937)
    • Investing (3,171)
    • Politics (3,881)
    • Stock (4)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: sightfulinvest.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 Sightful Invest. All Rights Reserved.