Semafor, citing people familiar with the matter, reports Elon Musk has invested about $1 bln in Skydance (SKYD.N, formerly Paramount Global) to provide funding for cost cuts and to support the share price. The stake came roughly alongside capital from other investors, including board member Laurene Powell Jobs. Musk and Paramount did not immediately respond. Paramount CEO David Ellison has been exploring partnerships with wealthy backers. Musk is close to Oracle founder Larry Ellison; Larry Elli

2026-10-23

Semafor, citing people familiar with the matter, reports Elon Musk has invested about $1 bln in Skydance (SKYD.N, formerly Paramount Global) to provide funding for cost cuts and to support the share price. The stake came roughly alongside capital from other investors, including board member Laurene Powell Jobs. Musk and Paramount did not immediately respond. Paramount CEO David Ellison has been exploring partnerships with wealthy backers. Musk is close to Oracle founder Larry Ellison; Larry Ellison previously provided more than $40 bln in equity financing guarantees for Paramount’s acquisition of Warner Bros and invested $1 bln in Musk’s $44 bln 2022 take-private of Twitter.