Elon Musk has reportedly invested about $1 billion in Skydance, the media enterprise led by David Ellison, according to a report by Semafor.
The capital infusion is said to be part of a broader financing round that also saw additional equity contributions from existing investors, including board member Laurene Powell Jobs, the widow of Apple co-founder Steve Jobs. Details on the exact terms of Musk’s investment, his ownership stake or the timing of the deal were not disclosed in the initial report.
The investment comes as the media industry experiences large-scale consolidation, exemplified in recent coverage by Paramount’s reported $111 billion merger with Warner Bros. Discovery. Industry observers have highlighted such tie-ups as reshaping the competitive landscape for content owners and distributors.
Skydance, under Ellison’s leadership, has been positioning itself as a growing media player, and the reported backing from high-profile investors signals continued interest in expanding media platforms and production capabilities. Representatives for Musk and Skydance did not immediately comment on the reported transaction.
Semafor was the first outlet to report the news. Further details, including any regulatory filings or formal announcements, were not available at the time of reporting.