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Home/Tech/Elon Musk invests about $1 billion in Skydance, Semafor reports
VERIFIEDBy Xavier Rivera·Thursday, October 22, 2026 at 8:17 PM EDT·1.5 min read

Elon Musk invests about $1 billion in Skydance, Semafor reports

Elon Musk has invested roughly $1 billion in Skydance, the media company formed when Paramount bought Warner Bros. Discovery, Semafor reported, citing people familiar with the matter. CNBC confirmed the figure through its own source. Neither Musk nor Skydance commented.

Source:cnbc.com
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Elon Musk invests about $1 billion in Skydance, Semafor reports
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TL;DRAI · 60 sec read

Semafor reported Oct. 22 that Musk put roughly $1 billion into Skydance as part of a wider equity raise that also drew money from board member Laurene Powell Jobs. CNBC confirmed the figure with a person familiar with the matter. Skydance, formed when Paramount closed its Warner Bros. Discovery deal Oct. 6, faces nearly $80 billion in debt.

Elon Musk has invested roughly $1 billion in Skydance, Semafor reported on Oct. 22, citing people familiar with the matter. CNBC confirmed the figure through a person familiar with the matter.

Part of a wider equity raise

The investment came together at about the same time as equity investments from other Skydance investors, including board member Laurene Powell Jobs, according to Semafor. Semafor reported in September that Paramount was considering seeking an equity injection from Musk.

Skydance is cutting costs and carrying heavy debt
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Paramount closed its acquisition of Warner Bros. Discovery on Oct. 6 and named the combined company Skydance. Co-CEOs David Ellison and Ynon Kreiz are merging two film studios, the Paramount+ and HBO Max streaming services and a portfolio of TV networks. Skydance expects $6 billion in cost savings over three years but faces a debt burden of nearly $80 billion, CNBC reported.

Long ties between Musk and the Ellisons

Oracle co-founder Larry Ellison, David Ellison's father, invested $1 billion in Musk's 2022 purchase of Twitter, now X, invested in Tesla in 2018 and served on Tesla's board. He also personally guaranteed more than $40 billion of the equity financing for Paramount's takeover of Warner Bros. Discovery.
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Cable executive John Malone said on Tuesday, before the report, that he expected a deal between Musk and Skydance. Representatives for Musk and Skydance did not immediately respond to CNBC's requests for comment.
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