financetom
Business
financetom
/
Business
/
Market Chatter: Musk, SpaceX Face US Federal Reviews Over Security Compliance
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Market Chatter: Musk, SpaceX Face US Federal Reviews Over Security Compliance
Dec 17, 2024 12:35 PM

03:12 PM EST, 12/17/2024 (MT Newswires) -- Elon Musk and SpaceX, his rocket company, are under federal investigation over their compliance with reporting rules involving US national security, the New York Times reported Tuesday, citing people with knowledge of the company and internal documents.

The Defense Department's inspector general, the Air Force and the undersecretary of defense for intelligence and security separately started reviews last month, the report said.

Musk, a lawyer for Musk and SpaceX didn't return requests for comment, and a Defense Department spokesman declined to comment, the Times said.

In a statement to MT Newswires, the Defense Department's Office of the Inspector General said, "It is the policy of the DoD OIG to neither confirm nor deny the existence of an ongoing investigation. This is to protect the confidentiality of those involved and to protect the integrity of the investigative process,"

Musk and SpaceX didn't immediately respond to requests for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Large Homebuilders Pose Second-Quarter Upside Potential Despite Negative Sentiment, UBS Says
Large Homebuilders Pose Second-Quarter Upside Potential Despite Negative Sentiment, UBS Says
Jul 11, 2024
02:51 PM EDT, 07/11/2024 (MT Newswires) -- Large homebuilders are expected to show upside to key metrics heading into second-quarter results, which could drive stocks higher against a negative-sentiment backdrop, UBS Securities said on Thursday. Large builders are in a better position to procure land, labor, materials and financing compared with their smaller peers, according to the brokerage. This is...
AbbVie Unusual Options Activity
AbbVie Unusual Options Activity
Jul 11, 2024
Investors with a lot of money to spend have taken a bearish stance on AbbVie ( ABBV ) . And retail traders should know. We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga. Whether these are institutions or just wealthy individuals, we don't know. But when something this big...
New era of private credit growth highlights its opaque nature, Moody's says
New era of private credit growth highlights its opaque nature, Moody's says
Jul 11, 2024
July 11 (Reuters) - The rapid growth of private credit lending beyond its traditional market highlights its opaque nature and potential concerns among regulators about its future risks to the U.S. economy, according to a new Moody's Ratings report that cites regulators and industry bodies. Banks in recent years have experienced a rise in competition from private credit lenders: non-bank...
Teck Resources Declares Dividend
Teck Resources Declares Dividend
Jul 11, 2024
02:49 PM EDT, 07/11/2024 (MT Newswires) -- Teck Resources ( TECK ) said Thursday its board has declared a dividend of $0.625 per share on class A common stock and class B subordinate voting shares, payable Sept. 27 to shareholders of record Sept. 13. The dividend consists of a base dividend of $0.125 a share and a one-time supplemental dividend...
Copyright 2023-2026 - www.financetom.com All Rights Reserved