Elon Musk invests $1B in David Ellison’s Skydance as media giant grapples with massive debt: report

Elon Musk has invested approximately $1 billion in David Ellison’s Skydance, according to reports from Semafor and CNBC. This financial move comes as the media giant deals with significant debt. The investment occurs four years after the father of David Ellison assisted in financing Musk’s acquisition of the social media platform previously known as Twitter. This strategic capital injection highlights the ongoing financial relationship between the billionaire figures and the Hollywood-based media company Skydance.