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 >
Chart Industries Q3 Adjusted Earnings, Sales Increase; Full-Year Outlook Lowered
Chart Industries Q3 Adjusted Earnings, Sales Increase; Full-Year Outlook Lowered
Nov 1, 2024
07:14 AM EDT, 11/01/2024 (MT Newswires) -- Chart Industries ( GTLS ) reported Q3 adjusted earnings Friday of $2.18 per diluted share, up from $1.13 a year earlier. Analysts polled by Capital IQ expected $2.48. Sales for the quarter ended Sept. 30 were $1.06 billion, compared with $897.9 million a year earlier. Analysts polled by Capital IQ expected $1.09 billion....
Africa Oil, Partners Obtain Renewal of Mining Lease in Nigeria
Africa Oil, Partners Obtain Renewal of Mining Lease in Nigeria
Nov 1, 2024
07:00 AM EDT, 11/01/2024 (MT Newswires) -- Africa Oil ( AOIFF ) on Friday said the Nigerian Upstream Petroleum Regulatory Commission renewed for 20 years the company's petroleum mining lease containing the Agbami field. The Petroleum Mining Lease 52 is operated by affiliates of Chevron and covers 63% of the producing Agbami field. Production began in June 2008 and peak...
Washington state vote a harbinger for wider carbon markets
Washington state vote a harbinger for wider carbon markets
Nov 1, 2024
* Measure would ax Washington's carbon market on 100 emitters * Market has raised $2 billion for green programs since 2023 * Vote could shape carbon markets in other states and Quebec * BP, tribes, and labor and green groups work to defeat initiative By Timothy Gardner Nov 1 (Reuters) - A ballot initiative to ax Washington state's carbon market...
NVent Electric's Q3 Adjusted Earnings Flat, Revenue Rises; 2024 EPS Guidance Cut
NVent Electric's Q3 Adjusted Earnings Flat, Revenue Rises; 2024 EPS Guidance Cut
Nov 1, 2024
07:01 AM EDT, 11/01/2024 (MT Newswires) -- NVent Electric ( NVT ) reported Q3 adjusted earnings Friday of $0.84 per diluted share, same as the year earlier. Analysts polled by Capital IQ expected $0.81. Revenue for the quarter ended Sept. 30 was $939.1 million, up from $858.8 million a year earlier. Analysts surveyed by Capital IQ expected $937.4 million. nVent...
Copyright 2023-2026 - www.financetom.com All Rights Reserved