Musk invests $1 billion in Skydance

Elon Musk put around $1 billion into the entertainment company Skydance—owned by fellow billionaire David Ellison. During a period when the firm is dealing with a significant debt load after acquiring Warner Bros. Discovery (WBD).

Musk’s funding, as reported by multiple media sources, is part of Skydance’s strategy to obtain substantial capital investments.
Individuals familiar with the situation, who wished to remain anonymous. Reported that Musk’s investment happened concurrently with contributions from other Skydance investors, such as board member Lauren Powell Jobs.

The $1 billion investment arrives as Skydance gets ready for job cuts after the WBD acquisition, aiming for over $6 billion in cost reductions.

Skydance is dealing with a debt burden of about $80 billion. Which it plans to lessen by reducing staff, optimizing operations, and seeking new, lucrative opportunities.

Previous investment $1 billion ob twitter

Larry Ellison, Oracle’s co-founder and David Ellison’s father, invested $1 billion in funding to assist Musk with his Twitter acquisition in 2022. Larry Ellison was a member of the Tesla board of directors from 2018 to 2022 and has mentioned that he is a close friend of Musk.

Skydance’s shares have fallen 23% over the last month, largely following the announcement of its acquisition of WBD. The stock was trading at around $13 at the beginning of 2026 and is currently hovering near $8.

Skydance closed the acquisition of WBD earlier this month, after facing legal challenges from a dozen state attorneys general and an intense bidding war against Netflix.

Netflix sought to acquire WBD’s television and cable networks, while Skydance submitted an all-cash offer to purchase the entire company.

Although Netflix initially led the negotiation process, Skydance topped its proposal with an offer of $111 billion. Netflix co-CEOs Ted Sarandos and Greg Peters noted that while WBD had always been a desirable acquisition at the right price, it was not an essential purchase at any cost.

With this acquisition, Skydance has gained control of assets including CNN, HBO, CBS, DC Studios, TNT Sports, and Paramount+.