Elon Musk invests $89 billion in Skydance, the new company resulting from the merger of Paramount and Warner.

On October 22, 2026, Elon Musk reportedly invested approximately $1 billion into Skydance, a newly formed media conglomerate resulting from the merger of Paramount and Warner Bros. Discovery. The investment was disclosed by reports citing individuals familiar with the transaction.

This capital injection positions the owner of Tesla and SpaceX as a financial stakeholder in the consolidated entertainment entity. The merger of Paramount and Warner Bros. Discovery represents a significant shift in the media landscape, with Skydance emerging as the parent company overseeing the combined assets.