Brazil judge withdraws $3.3 million from Musk's Starlink and X to pay for social media fines
Brazil judge withdraws $3.3 million from Musk's Starlink and X to pay for social media fines
A Brazilian Supreme Court justice seized about $3 million in frozen funds of social media platform X and satellite-based internet service provider Starlink, both companies controlled by billionaire Elon Musk.
SAO PAULO (AP) — A Brazilian Supreme Court justice on Friday seized about $3 million from bank accounts belonging to social media platform X and satellite-based internet service provider Starlink, both companies controlled by tech billionaire Elon Musk.
The move by Justice Alexandre de Moraes was aimed at collecting funds that are equivalent to the amount that X owes to the country in fines. The bank accounts of the two companies have since been unfrozen.
Legal analysts have questioned de Moraes’ prior decision to freeze Starlink’s bank account to pay for cases related to X. While Musk owns both X and SpaceX, which operates Starlink, the two companies are separate entities.
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While they are separate entities, its not like musk treats them as such when it benefits him. he redirected a ton of GPUs from tesla to twitter, for example
Isn't this one of the things SBF got charged/arrested for, mixing assets from different companies.
Yep! He's moved employees between the two companies too.