Elon Musk, the world’s richest human and the first Schrödinger’s trillionaire , flickering in and out of existence with each major fluctuation in SpaceX’s stock price, is playing an outsize role in media, tech, and politics, just as one would expect.
Let’s start with media.
Musk Puts $1B in Skydance
Hours after I went to press with last week’s post on Paramount/Skydance, news broke that Elon Musk was investing $1 billion in the Ellison family hasbara media empire. Semafor broke the news :
Elon Musk has invested roughly $1 billion in Skydance, according to people familiar with the matter, providing a much needed financial injection as the company looks to cut costs and bolster its stock price.
The deal came together at roughly the same time as equity investments from Skydance’s other investors, including board member Laurene Powell Jobs, the people said.…