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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.
(Reporting by Rhea Binoy and Anirudh Saligrama in Bengaluru;
Editing by Sandra Maler)
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