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- Elon Musk invests $1 billion in the Ellison family's Hollywood empire
According to sources close to the matter, Elon Musk invested about $1 billion in Skydance while the company is seeking to cut costs. Paramount completed its acquisition of Warner Bros. Discovery (WBD) on October 6 and named the combined entity Skydance, placing David Ellison at the center of the group. Skydance expects to save $6 billion in costs over three years while carrying about $87 billion in debt. Semafor reports the investment is part of a broader equity fundraising effort, and Skydance shares fell about 1% in the October 22 session. Larry Ellison, David's father, invested $1 billion in Musk's 2022 Twitter acquisition and invested in Tesla in 2018.
- Elon Musk reportedly invests about $1 billion in Skydance
Elon Musk has reportedly invested about $1 billion in Skydance, according to Semafor, as the company looks to cut costs. Paramount closed its acquisition of Warner Bros. Discovery on Oct. 6 and named the combined entity Skydance. Co-CEOs David Ellison and Ynon Kreiz must merge two film studios, two streaming platforms and many corporate functions. Skydance expects $6 billion in cost savings over three years but faces nearly $80 billion in debt, and its shares fell about 1% after the report. Larry Ellison, David's father, previously invested $1 billion in Musk's 2022 deal to buy Twitter.
- Skydance Rises 5% as Steep Post-Merger Slide Pauses; Disney Gains 2%, Netflix Slips
Skydance shares rose 5% to $7.15 as the steep slide since its Warner Bros. Discovery acquisition closed on October 6 paused, while Disney gained 2% to $111.41 and Netflix slipped 0.62% to $69.42. The Communication Services Select Sector SPDR ETF was up just 0.1% and the SPDR S&P 500 ETF Trust rose 0.4%, so the Skydance move looks company-specific. The article notes Skydance now houses Paramount+, Pluto TV, Paramount Pictures, the CBS network and the Warner Bros. Discovery studios, making integration of film, TV and streaming operations the next key test. A single up day, however, leaves most of the post-merger decline in place.
- Laurene Powell Jobs’ $250 Million Skydance Stock Buy Is Already Underwater
- Elon Musk's $1B Skydance Investment
The Market Hang show on Yahoo Finance Live, hosted by Jen Saarbach and Kristen Kelly of Wall Street Skinny with guests Turney Duff, Paisley Nardini and Pras Subramanian, covers Elon Musk's $1B Skydance (SKYD) investment, A24's “You Can See Everything,” and the future of sports investment. The front end of the Treasury curve rallied 20 basis points the previous day, the biggest Treasury rally since the SVB collapse in 2023, and the 10-year yield closed below 5% for the first time in a month, even as Brent traded above $113 on Middle East concerns. The host outlined four possible drivers: a flight to quality, oil-driven inflation, doubts about AI capex, and yield levels attracting buyers. Paisley Nardini said higher yields have made bonds look attractive relative to equities after a strong run in stocks, and that money has been rotating into defensive sectors over the past two weeks.
- Elon Musk’s $1B Skydance investment: Why the timing matters
A Market Hang panel discusses a reported $1 billion investment by Elon Musk in Skydance (SKYD) and why it came now rather than in the original deal. The hosts note that financing for Paramount's acquisition of Warner Bros. came mainly from Larry Ellison, Redbird Capital and Middle East sovereign wealth funds, and that the company had about $80 billion of debt, so the investment would make only a small dent. Speculation covers a possible link to offering content on X or to Starlink users, a personal relationship with Ellison, or simply a good deal.
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Former Stability AI CEO Emad Mostaque says Meta and Google will sell space inside their AI models, so that a request for beer could return a Bud Light recommendation. The article notes that ad revenue lets Meta and Alphabet give AI away free, while rivals that rely on paying developers must charge; Meta reported $201 billion revenue in 2025 at a 41% operating margin, and Alphabet's operating margin was 32%. According to the article, Meta's Muse launch post says conversations are kept out of its ad systems, even though Muse became the #1 free app and has paid plans at $20 and $100 a month. The article argues that putting ads inside answers is a much bigger step than placing ads beside search results and could make users doubt recommendations, and notes Meta reports third-quarter results this week.
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- Senate Democrat Probes Tether Payments to Ex-White House Crypto Adviser’s Firm
Sen. Richard Blumenthal, D-Conn., asked Tether to provide records of its dealings with Bo Hines and his consulting firm Nxum by Nov. 3. The Wall Street Journal reported that Nxum earned $6.3 million from a Tether deal struck in May 2025, while Hines, who kept a one-third stake in Nxum, helped craft the GENIUS Act. A Nxum representative said Hines was not involved in the deal and received no Tether-derived funds while in government, and Tether said external counsel found no evidence of wrongdoing. Blumenthal argued the payment structure implicates federal ethics, anticorruption and lobbying laws.
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Corning presented fiber optics and high-density connectivity for AI data center infrastructure at the OCP Global Summit 2026, backed by long-duration supply agreements with Amazon, NVIDIA, Meta and Verizon. Analyst consensus expects revenue to grow 20.1% a year over the next three years, with profit margin rising from 11.2% to 19.3% by around 2029 and earnings from about US$1.9b to US$5.7b. The 2029 revenue target is US$29.4b, with a projected P/E of 37.9x versus about 72.0x today. The current price is US$158.71 and the consensus target is US$189.94, implying 16.4% upside, within a target range of US$129.00 to US$238.00. The article highlights the October 27 earnings release and execution risks, equity dilution and the solar business.
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For the week, the Dow gained 0.64% and the Russell 2000 rose 2.07%, while the Nasdaq Composite fell 0.45% and the S&P 500 slipped 0.22%. The Nasdaq closed at 26,022.45, dragged down by megacap tech, while the Dow closed at 52,337.54. The VIX rose to 19.40 and the VXN to 28.13, gold fell 3.47% and silver 4.90% on the week, and the 10-year Treasury yield eased 11 basis points to 4.99%. Meta reported third-quarter revenue of $64.60 billion, up 26%, but net income of $9.86 billion reflected a $9.89 billion charge tied to an agreement with 52 state attorneys general over teen mental health and social media litigation.
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