Despite ‘misgivings,’ judge approves Elon Musk’s .5M SEC settlement

Despite ‘misgivings,’ judge approves Elon Musk’s $1.5M SEC settlement

A judge has approved a $1.5 million penalty levied against Elon Musk that will settle a U.S. Securities and Exchange Commission lawsuit despite having “significant misgivings” about it. U.S. District Judge Sparkle Sooknanan noted that her court would accept the settlement, Bloomberg reported Wednesday, which cited her court opinion. Sooknanan’s approval settles a lawsuit filed by…

Read More
FTC gives Musk the OK to acquire SpaceX alumni startup Mesh

FTC gives Musk the OK to acquire SpaceX alumni startup Mesh

Elon Musk is eyeing an acquisition of Mesh Optical Technologies, a startup founded by three former SpaceX engineers last year developing hardware for fast data center communications. The potential acquisition, which was revealed in a Federal Trade Commission filing and first reported by Bloomberg, confirmed the agency expedited its antitrust review. Mesh Optical came out…

Read More