Media Mogul Predicts SpaceX Could Invest as Much as $10 Billion in Paramount Skydance

Media mogul John Malone said SpaceX could invest $8 billion to $10 billion in Paramount Skydance. He believes a partnership between the two companies could ease Paramount Skydance's balance sheet pressure while helping SpaceX enter the content distribution sector. Malone noted that Ellison helped Musk acquire Twitter in 2022, and later used Tesla shares to fund the creation of Skydance (later merged into Paramount Skydance). The two have a long-standing financial relationship, which provides a solid foundation for a collaboration between SpaceX and Paramount Skydance. (Caixin)