Twitter tumbles as US weighs security reviews for Musk deals

Name: Elon Musk promises Tesla humanoid robot won’t be like the ‘Terminator’
Uploaded: 2022-10-24T09:36:32.000Z
Duration: 2 min 10 s
Description: Elon Musk promises Tesla humanoid robot won’t be like the ‘Terminator’

Musk, the world’s richest person, has taken to Twitter to announce proposals to end Russia’s war and threaten to cut support for Starlink internet in Ukraine

In 2019, the Pentagon reviewed Musk’s federal security clearance after he smoked marijuana on a podcast

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World’s richest person, Elon Musk. Photo: Reuters/File

Bloomberg

Published: 5:36pm, 24 Oct 2022

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

Twitter shares fell 5.1 per cent as the market opened in New York on Friday.

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 US$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.

The discussions are still at an early stage, the people familiar said on condition of anonymity. Officials in the US government and intelligence community are weighing what tools, if any, are available that would allow the federal government to review Musk’s ventures.

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Elon Musk promises Tesla humanoid robot won’t be like the ‘Terminator’

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.