Elon Musk Officially Served in SEC Lawsuit Over Twitter Stock Disclosure

The SEC alleges Musk's delayed disclosure of Twitter stock purchases in 2022 allowed him to underpay by at least $150 million.

Elon Musk was served a court summons on March 14, 2025, at SpaceX's Brownsville, Texas facility in connection with the SEC lawsuit.
The SEC claims Musk failed to disclose his Twitter stock purchases within the required 10-day period, artificially lowering the stock price he paid.
The process server reported being denied entry by SpaceX security and left the documents on the ground outside the facility.
Musk's response to the lawsuit is due by April 4, 2025, with the case still in its early procedural stages.
The SEC's ability to pursue cases like this has been impacted by budget and policy changes under the Trump administration.