[Musk Plans to Settle Disclosure Issue with SEC Over X Holdings, Paving the Way for SpaceX IPO] Odaily Planet Daily reports, according to a court filing from the U.S. Securities and Exchange Commission (SEC) cited by AXIOS, Elon Musk is in settlement negotiations with the SEC regarding his failure to disclose the purchase of Twitter shares before making a takeover bid in April 2022. The report states that SpaceX's bankers hope to resolve this matter ahead of what could be the largest IPO in history. According to regulations, investors who purchase 5% or more of a publicly traded company’s shares must disclose their ownership within 10 days of the purchase. However, Musk disclosed his holdings 21 days after reaching this threshold. He also filed a "13G" form intended for passive investors, rather than the "13D" form designed for activist investors, including those intending to make a takeover bid. Earlier this month, Musk's lawyers informed the court that these settlement negotiations were conducted, at least in part, without the involvement of the SEC enforcement attorneys responsible for the case. (Jin10)