President Joe Biden said Elon Musks relationships with other countries are worthy of being looked at, though he declined to say whether the worlds richest man was doing anything inappropriate.
I think that Elon Musks cooperation and or technical relationships with other countries is worthy of being looked at, Biden said at a White House news conference Wednesday. Whether or not hes doing anything inappropriate Im not suggesting that. Im suggesting theyre worth being looked at. But thats all Ill say.
Last month, people familiar with the matter said the Biden administration was discussing whether the US should subject some of Musks ventures to national security reviews, including his deal for Twitter Inc. and SpaceXs Starlink satellite network.
One element of the $44 billion Twitter Inc. deal was the presence of foreign investors in Musks consortium. The group includes Prince Alwaleed bin Talal of Saudi Arabia, Binance Holdings Ltd. a digital-asset exchange founded and run by a Chinese native and Qatars sovereign wealth fund. Musks Tesla Inc. electric-vehicle company derives about 25% of its revenue from China.
Musk, who once called Biden a damp sock puppet in human form has frustrated officials in the US and Europe and drawn praise from Americas rivals for tweets to announce proposals to end Russias war in Ukraine and threaten to cut financial support for Starlink internet service in Ukraine.
On Monday, a day before the midterm elections, Musk urged Americans to vote for Republicans, arguing that shared power curbs the worst excesses of both parties.
Once he acquired Twitter late last month, Musk embarked on a flurry of changes. After unseating top management and the board, he laid off roughly half the companys workers though some employees were asked to come back.
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