Musk Invests $1 Billion in Skydance, Report Says

Elon Musk invested about $1 billion in Skydance, according to a report citing people familiar with the matter, giving the billionaire a stake in the company that controls HBO and is scheduled to distribute a documentary critical of him. The investment was reported on October 22; Skydance declined to comment, and a representative for Musk did not respond to a request for comment. The documentary, titled Musk and directed by Alex Gibney, was produced by HBO Documentary Films and is scheduled to air on HBO next year after a theatrical run. The film examines Musk, who has criticized it and threatened to sue Gibney for defamation, according to the reports. The reported investment has raised questions about whether the distribution plan could change, but no change has been announced. Gibney previously said Skydance representatives had promised the film would air and that Skydance Chief Executive David Ellison was comfortable with its release. That account was reported by one source. Skydance has not publicly confirmed a change to the film’s plans, and the reports do not establish that Musk has sought editorial control or asked the company to withdraw it. The investment follows John...