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Elon Musk invests $1bn in CNN owner Skydance as media mogul John Malone predicts an $8bn-$10bn SpaceX deal is coming

Elon Musk invests $1bn in CNN owner Skydance as media mogul John Malone predicts an $8bn-$10bn SpaceX deal is coming

David Ellison's Skydance is grappling with a massive pile of debt, and Musk's roughly $1bn stake reportedly throws it a lifeline. John Malone told a Paley Center summit he expects a 'global output deal' with SpaceX to help Skydance cut that debt. He said Musk and Larry Ellison 'are very intertwined'. SpaceX, which owns X, has been buying up broadcast spectrum for Starlink.

Larry Ellison helped finance Musk's takeover of Twitter four years ago.

Malone: Larry Ellison used Tesla stock to help fund the creation of Skydance.

CBS's local stations could hand Musk the broadcast spectrum Starlink wants.

MoreThe TelegraphElon Musk invests $1bn in CNN-owner SkydanceHollywood ReporterJohn Malone Predicts a Major Deal Between Skydance and Elon Musk’s SpaceXReutersElon Musk invests about $1 billion in Skydance, CNBC reportsNY PostElon Musk invests $1B in David Ellison’s Skydance as media giant grapples with massive debt: reportDaily MailElon Musk rattles woke media with $1billion investment in CNN parentHollywood ReporterIf Elon Musk Gets a Stake in Skydance It Could Transform Media As We Know It
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