Brazil has taken drastic action against billionaire Elon Musk’s companies, seizing $3.3 million from his social media platform, X (formerly Twitter), and satellite internet provider, Starlink. This all started with a decision by the Brazilian Supreme Court, which unblocked the companies' bank accounts, only to withdraw the funds to enforce a hefty fine.

At the end of August, Brazilian judge Alexandre de Moraes banned X from operating in Brazil and froze Starlink’s assets, claiming that b...