Will Elon Musk Help the Ellisons Pay Down Skydance’s Massive Debt? John Malone Predicts Tech Mogul’s SpaceX Could Invest up to $10 Billion Into Media Company

Oct 21, 2026 10:55am PT Will Elon Musk Help the Ellisons Pay Down Skydance’s Massive Debt? John Malone Predicts Tech Mogul’s SpaceX Could Invest up to $10 Billion Into Media Company

By Todd Spangler

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Todd Spangler

NY Digital Editor

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Was John Malone just spit-balling — or does he have some inside info about some financial machinations brewing among the Ellisons, Skydance and Elon Musk‘s SpaceX?

Malone, the media mogul known as “The Cable Cowboy” for his investments across the cable and telecom sector over many decades, suggested there will be a sizable investment coming from Musk’s SpaceX conglomerate into Skydance, the company formed from the $111 billion merger of Paramount Skydance and Warner Bros. Discovery. Larry Ellison, Oracle founder and the father of Skydance CEO David Ellison, holds the largest equity stake in the new company, while the Ellisons and RedBird Capital own 100% of the voting shares.

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