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Elon Musk made a $1 billion investment in Skydance, report says

Image: TechCrunch. Rights remain with the publisher.

The investment will provide a much needed financial boost as the company seeks to cut costs and lift its stock price.

Elon Musk has invested approximately $1 billion in the newly formed media company Skydance, according to a new report from Semafor. News of the investment comes a few weeks after Paramount completed its $110 billion acquisition of Warner Bros. Discov... [1024 chars]

Read the full report on TechCrunch

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Section
Business
First reported by
TechCrunch
Published
Thursday, 22 October 2026, 11:06 pm IST
Coverage
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