Elon Musk to Pay $1.5 Million to Securities and Exchange Commission Over Delayed Disclosure of His Twitter Shares

The Securities and Exchange Commission (SEC) has reached a settlement with Elon Musk over the delayed disclosure of his stake in Twitter, the platform now known as X, according to court documents.

Musk, who purchased the social platform for $44 billion in late 2022, will pay a $1.5 million civil penalty. The settlement resolves a lawsuit filed by the agency in January 2025, shortly before President Trump retook office.

Read more at The Hill