Oracle co-founder Larry Ellison pledged shares of Tesla and SpaceX as collateral for bank loans this year, according to a Wall Street Journal report dated October 20, 2026 that cited filings. The loans reportedly helped fund his son David Ellison's takeover of Warner Bros. Discovery, but Tesla and SpaceX have not confirmed the pledges, and no share counts or loan amounts have been disclosed. Oracle's proxy shows Ellison pledged 413 million Oracle shares, up from 346 million a year earlier, or about 36% of his holdings. The Skydance deal closed on October 6, 2026, with $47 billion of Class B stock sold at $12.00 a share, and Bloomberg estimated the Ellisons invested about $17 billion. Skydance closed at $7.10, roughly 41% below the issue price, so the stake backing the collateral is now worth less than what the Ellisons paid.
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Larry Ellisonmergers and acquisitionsSpaceXcredit
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TSLA
• NeutralTesla, Inc.
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Consumer Discretionary |
| Industry | Automobile Manufacturers |
| Market cap | $1.4T |
| Close on 10/20/2026 | 373.71 |
| Change that session | +1.54% |
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