Elon Musk Reaches $1.5 Million Settlement With SEC Over Twitter Stake

The settlement remains subject to court approval.

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.