Musk reportedly invests $1 billion in Skydance after WBD merger
Semafor reports the investment, citing unnamed sources; neither Musk nor Skydance has confirmed the deal or its terms.
Elon Musk has reportedly invested $1 billion in David Ellison's Skydance, according to Semafor, which cited unnamed sources. Neither Musk nor Skydance has publicly confirmed the investment or its terms.
The report follows Skydance's merger with Warner Bros. Discovery. Skydance has not commented on the figure or the structure of any investment.
Separately, media executive John Malone said at the Paley International Council Summit that he expects SpaceX could invest between $8 billion and $10 billion in Skydance as part of a content distribution agreement. SpaceX has not confirmed any investment in Skydance.
In a CNBC interview, David Ellison said the company is building a product and technology team and described AI as a tool for artists.
Earlier ties between the Ellison and Musk camps
Larry Ellison, the Oracle co-founder and David Ellison's father, backed Musk's $44 billion acquisition of Twitter in 2022, contributing $1 billion. He also invested in Tesla in 2018 and served on its board for several years. Larry Ellison personally guaranteed more than $40 billion in equity financing for the Warner Bros. Discovery acquisition, helping Skydance complete the deal.
Quick answers
How much did Elon Musk reportedly invest in Skydance?
Semafor reported $1 billion, citing unnamed sources. Neither Musk nor Skydance has confirmed the investment or its terms.
Has SpaceX confirmed an investment in Skydance?
No. John Malone said at the Paley International Council Summit that he expects SpaceX could invest $8 billion to $10 billion as part of a content distribution agreement, but SpaceX has not confirmed any investment.