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International Business Times

Business

Ann Resuma

Elon Musk's SpaceX plans to sue FAA, cites $633K fine as 'regulatory overreach'

Elon Musk SpaceX FAA ElonMusk Starlink NASA

Elon Musk speaks at the Milken Institute's Global Conference at the Beverly Hilton Hotel on May 6, 2024. (Credit: Apu Gomes/Getty Images)

Tech billionaire Elon Musk has announced that his aerospace firm SpaceX will sue the Federal Aviation Administration (FAA) for "regulatory overreach" after the agency proposed civil penalties for the company due to issues with its two Florida launches last year.

Musk's remarks come after the FAA announced that it is planning to levy a $633,000 fine on SpaceX because of the company's alleged failure to comply with a number of safety and licensing regulations during two of its launches in 2023.

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