Posted The Securities and Exchange Commission plans to sanction Elon Musk for not appearing for testimony concerning his 2022 takeover of Twitter. In a court filing Friday, the SEC said Musk failed to deliver court-ordered testimony on September 10. The agency said Musk waited until three hours before the scheduled hearing time to announce that he wouldn't be attending, and violated a court order compelling his testimony. On the date of the hearing, Musk was in Florida for a rocket launch by SpaceX, the rocket company he founded and serves as CEO for. "Despite this advance knowledge, Musk did not notify the SEC of his intent to attend the launch until three hours before his testimony was to begin, and after the SEC spent thousands of dollars to fly three attorneys to Los Angeles," the filing read.