SEC reopens investigation into Elon Musk’s Neuralink By Reuters

(Corrects paragraph 2 to say settlement demand was issued in connection with the SEC’s investigation into Musk’s acquisition of Twitter and is not related to Neuralink)

(Reuters) – The U.S. Securities and Exchange Commission (SEC) this week reopened an investigation into Elon Musk’s brain chip startup Neuralink, according to a letter shared by Musk on Thursday on social media platform X.

Musk’s lawyer Alex Spiro’s Dec. 12 letter to outgoing SEC Chairman Gary Gensler also said the agency had given Musk 48 hours to reach an agreement to accept a monetary payment. or face charges over the investigation into its $44 billion acquisition. Twitter.

Musk has since changed Twitter’s name to ‘X’.

Spiro wrote in the letter that he and Musk would not be “intimidated” by the SEC and that they reserved their legal rights.

The SEC and Neuralink did not respond to Reuters requests for comment outside normal business hours.

(This story has been corrected to say that the settlement demand was issued in connection with the SEC investigation into Musk’s acquisition of Twitter, not Neuralink, in paragraph 2)