Posted on 10/20/2022 9:44:25 PM PDT by SeekAndFind
Biden Administration officials are discussing whether the United States should subject some of Elon Musk's ventures to national review including the deal for Twitter Inc and SpaceX's Starlink satellite network, Bloomberg News reported on Thursday, citing people familiar with the matter.
The SpaceX chief in recent times has taken to Twitter to announce proposals to end Russia's war in Ukraine, and also said SpaceX cannot indefinitely fund its Starlink internet service in Ukraine. He later backed down and said he would continue to bear the costs of the service.
The discussions to review Musk's ventures are at an early stage, sources told Bloomberg, adding that officials in the U.S. government are weighing what tools, if any, are available that would allow the federal government to review Musk's ventures.
One possibility is through the law governing the Committee on Foreign Investment in the United States (CFIUS), which is under the U.S. Department of Treasury, to review Musk's ventures, the report added.
An element of Musk's $44 billion Twitter deal which could trigger a CFIUS review is the presence of foreign investors in Musk's consortium, Bloomberg said.
The group includes Saudi Arabian investor Prince Alwaleed bin Talal and Binance, which was founded in Shanghai.
A spokesperson for the U.S. Treasury Department said CFIUS does not publicly comment on transactions that it may or may not be reviewing.
Twitter and SpaceX did not immediately respond to Reuters' request for comment.
Musk had said he would walk away from the deal to buy Twitter in May alleging the company understated the number of bot and spam accounts on the social media platform, which started a series of lawsuits between the two parties.
Earlier this month, Musk reversed course and said he will proceed with the deal on original terms.
(Excerpt) Read more at usnews.com ...
Okay, I’ll bite.
What does Twitter have to do with national security?
Confirming Sundance’s theory that the Twitter servers are deeply enmeshed with NSA’s. He makes a hood case for it.
If anything needs investigating it’s the Biden Administration.
Sheesh
Yet the FBI wanted nothing to do with investigation election companies operating in the US and hosting their data on servers in China.
a dissident is being punished
He has been criticized for being a nobody, but I find his research to be interesting.
They dont even treat unsafe and suspect Chinese companies like this.
Shut SpaceX down, especially the Starlink satellite service - Russia would be happy and NASA would be happy not to have any stinking Musks competing with it for contracts.
Make sure StarShip never test flies again and make Jeffy “Bozo” Beesos’ Blue Origins very happy. And Xi Jinping all grins.
Oh man, do I enjoy Elon Musk. He is the most interesting, intelligent and impactful celebrity on Planet Earth — all of it good.
God bless Elon Musk!
What in the heck has Elon done but be responsible for helping Ukraine? I’m sorry but the government cannot compel Elon to continue to bleed money in a foreign country because they don’t want to help financially. Here Elon was trying to help and he is going to end up getting screwed. That’s the US government for ya.
An element of Musk's $44 billion Twitter deal which could trigger a CFIUS review is the presence of foreign investors in Musk's consortium, Bloomberg said.Classify me as among the previously ignorant.The group includes Saudi Arabian investor Prince Alwaleed bin Talal and Binance, which was founded in Shanghai.
It’s political. Biden is going after Musk because Musk wants to buy Twitter and end so much of its censorship. That frightens the Dims.
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