Malone sees a Skydance and SpaceX deal coming, shares rise
John Malone says Skydance and SpaceX are moving toward a major deal; per Seeking Alpha, Skydance shares rose 7.2% and SpaceX gained 7.5% on Wednesday.
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what happened
Media veteran John Malone, speaking at the Paley Center International Council Summit, predicted that David Ellison's Skydance and Elon Musk's SpaceX will reach a significant agreement. He estimated SpaceX could invest $8 billion to $10 billion in Skydance to help the company reduce its debt. Such a tie-up could also give SpaceX's Starlink early access to bidding for broadcast spectrum. Malone said: "I would not doubt for a minute that before very long you're going to see an announcement."
Shares of Skydance climbed 7.2% on Wednesday, while SpaceX rose 7.5% after releasing its first earnings report since going public. The information comes from Seeking Alpha, citing The Hollywood Reporter.
why it matters
Two points stand out for markets: SpaceX has only just become a public company, and its first report coincided with a sharp share gain. Malone's view is a prediction, not a confirmed agreement, so investors appear to be pricing a possibility rather than a completed transaction. The story also highlights how capital needs and access to broadcast spectrum could shape valuations in media and telecom companies.
market impact
Skydance and SpaceX shares: deal talk and SpaceX's first report support investor interest in both stocks
tags
instruments
sources
- Why a Skydance-SpaceX deal might make sense — Seeking Alpha, 21 October 2026 at 17:45 UTC
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