The SEC has resumed its investigation into Elon Musk’s Neuralink, drawing attention to his activities as he and his lawyer claim to be undeterred by regulatory pressure
The US Securities and Exchange Commission (SEC) has reinstated its investigation into Elon Musk’s Neuralink startup. The move continues to draw attention to Musk’s activities, especially as he and his lawyers claim they are not “intimidated” by regulatory pressure.
SEC reopens investigation into Neuralink
According to a letter shared by Elon Musk on social media platform X (formerly Twitter), the SEC has officially reinstated its investigation into Neuralink, Musk’s brain chip technology company. The letter, dated December 12, was written by attorney Alex Spiro and addressed to outgoing SEC Chairman Gary Gensler.
The specific reason for the SEC’s decision to reinstate the investigation has not been disclosed, but it comes amid growing public and regulatory attention to Neuralink, particularly regarding safety and ethics in the biomedical technology sector.
Neuralink, which is aiming to integrate brain chip technology to connect humans with computers, has always faced challenges not only on the technical side but also on the legal and ethical side. The SEC’s investigations could slow down the company’s progress and pose additional barriers to its commercialization plans.
This investigation is also seen as part of the overall pressure Musk has faced after expanding his business into many different areas, including the acquisition and restructuring of Twitter.’
How has Musk responded to the pressure from the SEC?
In the letter from Spiro, Elon Musk’s side said they would not be “intimidated” by the SEC’s requests. Spiro also emphasized that he and Musk still retain their legal rights to defend themselves.
Musk also said the SEC has given him 48 hours to pay a fine or face charges related to his $44 billion takeover of Twitter, now known as X.
Neither the SEC nor Neuralink responded to Reuters’ request for comment, raising further questions about the nature of the investigation.
The SEC’s focus on Neuralink could be related to legal aspects of the company’s finances or operations. This is not the first time Elon Musk has faced legal issues related to his personal projects.
