Media mogul predicts: SpaceX may invest up to $10 billion in Paramount Pictures
2026-10-22 16:22:20
According to CoinMeta, “Media Mogul Predicts: SpaceX May Invest Up to $10 Billion in Paramount Pictures” – Caixin News Agency, October 22nd. Media mogul John Malone stated that SpaceX might invest $8 to $10 billion in Paramount Pictures. He believes that the collaboration between the two companies could alleviate Paramount Pictures’ balance sheet pressure and also help SpaceX enter the content distribution sector. Malone pointed out that Ellison assisted Musk in acquiring Twitter in 2022 and later used Tesla stocks to fund the establishment of Tinseltown (which was later merged into Paramount Pictures). The two individuals have had a long-term financial partnership, thus providing a solid foundation for the cooperation between SpaceX and Paramount Pictures.
Source:CLS
This content is for market information only and does not constitute investment advice.
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