Overview
- John Malone, speaking Wednesday, predicted a speculative $8–$10 billion SpaceX investment in Skydance and said the companies could also strike a global output or distribution deal.
- Skydance’s shares jumped about 10.8 percent after the prediction as investors bet the rumor could help reduce the company’s debt burden.
- Representatives for Skydance and SpaceX declined to comment or did not respond to requests, and no transaction or talks have been confirmed by either company.
- Skydance entered public trading with roughly $80 billion in net debt after the Paramount–Warner merger and is targeting about $6 billion in annual cost synergies while seeking outside equity to lower leverage.
- Malone cited past financial ties between Elon Musk and Larry Ellison—including Ellison’s role in financing Musk’s 2022 Twitter purchase and using Tesla stock in Skydance financing—as the basis for his prediction, but reporting stresses the claim remains unverified.