Elon Musk arrives to court for his lawsuit against OpenAI at the Ronald V. Dellums Federal Building in Oakland, Calif., on April 28, 2026. Benjamin Fanjoy/Getty Images
Tech billionaire Elon Musk on May 4 agreed to pay $1.5 million to resolve a Securities and Exchange Commission (SEC) lawsuit alleging he violated securities laws over the delayed disclosure of his Twitter stake.
A filing dated May 4 states that Musk’s revocable trust will pay a civil penalty of $1.5 million to the commission as part of the settlement, subject to approval by the court.
