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Biden Bloomberg News reported on Thursday that administration officials are debating whether the United States should subject some of Elon Musk’s ventures to national review, including the deal for Twitter Inc and SpaceX’s Starlink satellite network.
The SpaceX CEO has recently taken to Twitter to announce proposals to end Russia’s war in Ukraine, and he has also stated that SpaceX cannot continue to fund its Starlink internet service in Ukraine indefinitely. He later backed down and stated that he would continue to bear the costs of the service.
According to Bloomberg, discussions to review Musk’s ventures are in their early stages, with officials in the US government weighing what tools, if any, are available to allow the federal government to review Musk’s ventures.
The law governing the Committee on Foreign Investment in the United States (CFIUS), which is overseen by the US Department of Treasury, could be used to review Musk’s ventures, according to the report.
According to Bloomberg, the presence of foreign investors in Musk’s consortium could trigger a CFIUS review of his $44 billion Twitter deal.
Binance, which was founded in Shanghai, and Saudi Arabian investor Prince Alwaleed bin Talal are among the members of the group.
According to a US Treasury Department spokesperson, CFIUS does not publicly comment on transactions that it is or is not reviewing.
Reuters’ request for comment was not immediately responded to by Twitter or SpaceX.
Musk announced in May that he was pulling out of the deal to buy Twitter, claiming that the company understated the number of bot and spam accounts on the social media platform, sparking a series of lawsuits between the two parties.
Musk reversed course earlier this month, saying he will complete the deal on the original terms.
