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Business / General

Elon Musk made a $1 billion investment in Skydance, report says

Source: techcrunch October 22, 2026 · 10:36
Elon Musk made a $1 billion investment in Skydance, report says
Photo by iCliff Agendia · Pexels
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The investment will provide a much needed financial boost as the company seeks to cut costs and lift its stock price.
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TechCrunch

TechCrunch is an American global online newspaper focusing on topics regarding high-tech and startup companies. It was founded in June 2005 by Archimedes Ventures, led by partners Michael Arrington and Keith Teare. In 2010, AOL acquired the company for approximately $25 million. Following the 2015 acquisition of AOL and Yahoo! by Verizon, the site was owned by Verizon Media from 2015 through 2021.

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