Musk is currently negotiating a settlement on Twitter disclosure issues.

According to court documents from the U.S. Securities and Exchange Commission, Musk is in negotiations with the SEC regarding the undisclosed purchase of Twitter shares before making a takeover bid in April 2022. SpaceX's financing banks want to resolve this issue properly before launching what could be the largest IPO in history. According to trading regulations, investors must disclose their holdings if they acquire 5% or more of a publicly traded company within 10 days of purchase. However, Musk did not disclose his stake until the 21st day after claiming to have reached this ownership level. He also submitted a 13G form for passive investors instead of a 13D form for active investors. Musk's lawyer stated to the court earlier this month that at least in some stages of the current settlement negotiations, there have been no SEC enforcement attorneys involved in the case.