Elon Musk’s Deals May Face National Security Reviews
Officials within the Biden administration are discussing whether some of Elon Musk’s business ventures should be subjected to national security reviews, including his takeover bid for Twitter and the operation of his Starlink network of satellites, Bloomberg reported late Thursday.
US officials are uncomfortable with Musk’s suggestion that he will stop supplying the Starlink satellite service to war-torn Ukraine — an endeavor that he says has cost him $80 million, the news outlet reported. A series of tweets with an increasing Russia-friendly position in the ongoing war with Ukraine has also raised concerns, people described as familiar with the matter told Bloomberg. particularly concerning are his plans to buy Twitter with a group of foreign investors.
While discussions are still at an early stage, one possibility the US government and intelligence community have to reviewing Musk’s business ventures is through the Committee on Foreign Investment in the United States, a secretive government panel that reviews mergers that could result in a foreign company controlling an American business. A CFUIS review is often enough to quash a deal.
A review of Musk’s $44 billion deal for Twitter could be triggered by the involvement of foreign investors, which reportedly includes Prince Alwaleed bin Talal of Saudi Arabia, Binance — a cryptocurrency exchange founded and run by a Chinese Canadian business executive — and Qatar’s sovereign wealth funds.
Musk, the world’s richest person, has taken to Twitter in recent weeks to suggest proposals favorable to Russian President Vladimir Putin to ending Russia’s war