July 29 (Reuters) - SpaceX's X and the World Federation of Advertisers (WFA) said on Wednesday they had settled litigation ‌over an alleged advertiser boycott of the social media ‌platform linked to the now-defunct Global Alliance for Responsible Media (GARM). The move marks a ​reset in relations between Elon Musk's social media platform and the advertising trade body. U.S. District Judge Jane Boyle in ⁠Dallas said X had failed to show it suffered harm under federal antitrust law. X, formerly known as Twitter, filed the lawsuit ​in 2024, ​alleging the advertisers, acting through ​WFA's GARM initiative, collectively withheld ‌billions of dollars in advertising spending from the platform due to disagreements over content moderation policies. GARM was launched ​by the WFA ​in 2019 to develop common standards aimed at preventing advertisements from appearing alongside harmful online content.