The SEC plans to sanction Elon Musk for missing a court-ordered testimony on September 10 regarding his $44 billion acquisition of Twitter, now rebranded as X. Musk was required to testify in Los Angeles but canceled hours before, citing the need to oversee SpaceX’s Polaris Dawn launch in Florida. This marks the second time Musk has failed to appear for this investigation, prompting the SEC to accuse him of 'gamesmanship and delay tactics' and seek sanctions to cover travel costs and other penalties. Musk's attorney described the situation as an 'unavoidable emergency' and noted that a new testimony date in October has been agreed upon. The SEC's probe is investigating whether Musk violated securities laws during his purchase of Twitter shares.