Elon Musk has invested roughly $1 billion in David Ellison’s Skydance, Semafor reported Thursday — four years after the Hollywood mogul’s billionaire father helped finance Musk’s takeover of

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Elon Musk has made a roughly $1 billion investment in Skydance, CNBC reported on Thursday, citing a person familiar with the matter.

Elon Musk’s equity compensation package consists of 423,743,904 restricted shares.

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Elon Musk is the CEO of Tesla and SpaceX. He is also the owner of X (formerly Twitter) and founder of The Boring Company, Neuralink, and OpenAI co-founder. Musk is among the world's wealthiest individuals.

Elon Musk has reportedly invested $1 billion in Skydance, the media conglomerate that completed the merger between Paramount Skydance and Warner Bros. Discovery earlier this month. The news comes after previous reporting indicating that Skydance CEO and Chairman David Ellison was asking Musk for a possible equity investment in his entertainment empire.

Report: Elon Musk Invests $1 Billion in Skydance