December 13, 2024 – 6:48 AM PST
(Reuters) – The U.S. Securities and Exchange Commission (SEC) this week has reopened an investigation into Elon Musk’s brain-chip startup Neuralink, according to a letter shared by Musk on Thursday on social media platform X.
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The Dec. 12 letter from Musk’s lawyer Alex Spiro and addressed to outgoing SEC Chair Gary Gensler also said that the agency had issued Musk a 48-hour settlement deadline to either accept a monetary payment or face charges over the probe into his $44 billion takeover of Twitter.
Musk has since renamed Twitter as ‘X.’
The settlement amount was not disclosed in the letter.
Musk has long sparred with the SEC and last year four lawmakers asked the commission to investigate whether Musk committed securities fraud by allegedly misleading…
