Business Maverick: US mulls security reviews for Musk deals, including Twitter purchase

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President Joe Biden's administration is discussing whether the US should subject some of Elon Musk’s ventures to national security reviews, including the deal for Twitter and SpaceX’s Starlink satellite network, according to people familiar with the ...

US officials have grown uncomfortable over Musk’s recent threat to stop supplying the Starlink satellite service to Ukraine – he said it had cost him $80-million so far – and what they see as his increasingly Russia-friendly stance following a series of tweets that outlined peace proposals favourable to President Vladimir Putin. They are also concerned by his plans to buy Twitter with a group of foreign investors.

One possibility is through the law governing the Committee on Foreign Investment in the United States to review Musk’s deals and operations for national security risks, they said. One element of the $44-billion Twitter deal that could trigger a CFIUS review is the presence of foreign investors in Musk’s consortium. The group includes Prince Alwaleed bin Talal of Saudi Arabia, Binance Holdings – a digital-asset exchange founded and run by a Chinese native – and Qatar’s sovereign wealth fund.

A US Treasury Department spokesperson said CFIUS does not publicly comment on any transactions that may or may not be under review.

 

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