Elon Musk reportedly invested $1 billion in Skydance According to a report by Golden Finance on October 23rd, according to Semafor citing informed sources, Musk has invested approximately $1 billion in Skydance (SKYD. N, formerly Paramount Global) to provide financial support for the company to reduce costs and boost stock prices. This investment was made around the same time as other investors' capital injections, including board member Laurena Powell Jobs. Musk and Paramount have not immediately responded. According to reports, Paramount CEO David Ellison has been considering collaborating with several wealthy investors. Musk has a close relationship with Oracle founder Larry Ellison; Larry Ellison has provided over $40 billion in equity financing guarantees for Paramount's acquisition of Warner Bros. Larry Ellison had previously invested $1 billion in Musk's acquisition and privatization of Twitter for $44 billion in 2022.