Musk Invests Approximately $1 Billion in Skydance Media Holding
Earlier forecasts suggested potential investments by SpaceX in the company amounting to $8–10 billion
23 Oct, 15:58

Wikimedia Commons · Gage Skidmore from Surprise, AZ, United States of America · CC BY-SA 2.0
The investment was made at roughly the same time as capital investments in Skydance by other participants, including company board member Laurene Powell Jobs.
American media manager John Malone suggested that SpaceX might invest in Skydance to help reduce its debt burden. He also linked this possibility to the close relationship between Musk and Oracle co-founder Larry Ellison, the father of Skydance CEO David Ellison.
Earlier this month, Skydance completed the acquisition of Warner Bros. Discovery for $110 billion, including debt.



