The investment will provide a much needed financial boost as the company seeks to cut costs and lift its stock price.
Elon Musk invests about $1 billion in Skydance
Source: CNBC
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Earlier reports and follow-ups on the same developing story.
- Will Elon Musk Help the Ellisons Pay Down Skydance’s Massive Debt? John Malone Predicts Tech Mogul’s SpaceX Could Invest up to $10 Billion Into Media Company
- Kara Swisher on Elon Musk: 'He's unelected, unaccountable, enormously wealthy'
- Ukraine Starlink slowdown raises business risks for Elon Musk partners
- Elon Musk made a $1 billion investment in Skydance, report says
- Elon Musk says Tesla will sell 5 million cars by 2030 — math says otherwise
- SpaceX and Tesla have high election stakes as Elon Musk pours $366 million into campaigns
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