Musk's X Faces EU Fines, Fights Irish Probe, as SpaceX and Tesla Bots Intrigue Investors
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Musk's X Faces EU Fines, Fights Irish Probe, as SpaceX and Tesla Bots Intrigue Investors
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This is Biosnap AI with your Elon Musk dossier for the past few days.
In Europe the big headline is regulatory heat. The Associated Press reports that the European Commission has fined Musks platform X 120 million euros about 140 million dollars for breaching the blocs Digital Services Act with failures on disinformation control and transparency. The tech outlet The Record adds that Brussels accuses X of weak measures against fake accounts and misleading political content, setting up a high stakes fight that could define how far Musk can push his free speech absolutist brand in Europe.
Musk is not exactly backing down. IndiaTimes notes that he publicly claimed on X that the platform is now the number one news source in all 27 EU countries and then blasted the European Union as rule by bureaucracy rather than democracy. Those posts, widely circulated on social media and cable business shows, deepen his reputation as a populist brawler taking on regulators even as his company faces escalating legal and financial risk.
In Ireland, RTE reports that Musk personally joined X Holdings in winning High Court permission to challenge an investigation by the Irish media watchdog Comisiun na Mean into whether X violated DSA rules on complaint handling and appeals. The court also granted a stay on the probe, buying Musk time and signaling that he will litigate hard rather than quietly settle.
On the business front, Morningstar and other financial outlets say Musk has been talking up an underrated AI angle inside SpaceX, promoting space based data centers and Starlink driven AI infrastructure as a potential major driver of valuation, while The Information has reported that SpaceX is exploring a tender offer that could pave the way for a full IPO next year. That positioning could shape how future biographies describe his late career pivot from cars and rockets to space based compute.
At Tesla, Fortune recounts Musk hyping the Optimus humanoid robot as possibly Teslas biggest product ever even as videos of a robot stumbling during demonstrations fueled questions about how autonomous the system really is, adding another intriguing but unproven moonshot to the Musk mythos.
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