Elon Musk Invests Roughly $1 Billion in David Ellison's Skydance

Elon Musk has invested approximately $1 billion in Skydance, the media company led by CEO David Ellison, according to people familiar with the matter reported by Semafor. The investment is intended to provide a financial injection as Skydance works to cut costs and support its stock price, which has come under pressure since the company completed its acquisition of Warner Bros.

The deal closed alongside equity investments from other backers, including Skydance board member Laurene Powell Jobs, and Skydance has also tapped Middle East sovereign wealth funds for capital. Musk was one of several wealthy individuals David Ellison had been courting for an investment, with Semafor having first flagged in September 2026 that Paramount was exploring such an approach.

The investment deepens longstanding financial ties between Musk and the Ellison family. Larry Ellison, Oracle's founder and David Ellison's father, invested $1 billion in Musk's 2022 acquisition of X, formerly Twitter, and has personally guaranteed more than $40 billion in equity financing for Skydance's acquisition of Warner Bros. Skydance shares surged 10.85 percent to close at $7.87 on the day of the announcement, recovering after two consecutive sessions of losses.