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Wajeeh Khan

SKYD Stock Alert: Elon Musk Reportedly Makes $1 Billion Skydance Investment

Elon Musk Skydance SKYD Stock David Ellison Semafor Warner Bros. Discovery

Skydance (SKYD) shares inched higher late on Thursday after Semafor reported that Elon Musk had invested roughly $1 billion in the mass media company. The investment brings another billionaire into David Ellison’s corner as Skydance integrates WBD studios, streaming platforms, and television networks into its broader entertainment business.

Despite today’s gains, however, Skydance stock remains down more than 40% versus the start of 2026.

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