$SKYD - ELON MUSK INVESTS ROUGHLY $1 BILLION IN SKYDANCE Elon Musk has reportedly invested approximately $1B in David Ellison's Skydance, p…
$SKYD - ELON MUSK INVESTS ROUGHLY $1 BILLION IN SKYDANCE
Elon Musk has reportedly invested approximately $1B in David Ellison's Skydance, providing fresh capital as the company seeks to cut costs and support its stock price.
The investment comes alongside funding from other backers, including Laurene Powell Jobs.
Musk has longstanding ties to Oracle founder Larry Ellison, who invested $1B in Musk's Twitter acquisition and has guaranteed over $40B in equity financing for Paramount's Warner Bros. takeover.