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 ImagesTech 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.
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Tuesday, May 5, 2026
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