Elon Musk to Pour Up to $10 B into Skydance, Giving Starlink a Hollywood Debut, Predicts John Malone
Elon Musk is poised to invest up to $10 billion in Skydance, a move that would help the media studio pay down its debt and give SpaceX’s satellite arm Starlink a foothold in the entertainment business.
Meta Ordered to Pay $36 B, Wall Street Climbs, ASX Flat as Tesla Beats Expectations
Meta was ordered to pay a $36 billion privacy fine, Wall Street indices rose, the Austra…
John Malone, the seasoned media mogul, called the prospective deal "major" and predicted that SpaceX could pour billions into Skydance to help it delever.
Reports also indicate that Larry Ellison will join the partnership, adding his tech‑industry swagger to the mix.
If the deal goes ahead, the joke is that future blockbusters could stream straight from orbit, letting viewers binge movies via a satellite dish instead of a cable box.
Meta Ordered to Pay $36 B, Wall Street Climbs, ASX Flat as Tesla Beats Expectations
Meta was ordered to pay a $36 billion privacy fine, Wall Street indices rose, the Australian market opened flat, and Tesla reported earnin…