Skydance Shares Rise Just Over 11% After Malone’s SpaceX Forecast
Photo: TokenPost
Skydance Corporation (SKYD) shares gained just over 11% Wednesday, Oct. 21, after John C. Malone, chairman emeritus of Liberty Media and Liberty Global, forecast a possible partnership with SpaceX. Malone made the forecast during a virtual keynote at the Paley International Council Summit. His scenario included a global output agreement between the companies and a possible SpaceX investment of $8 billion to $10 billion in Skydance. Malone presented the idea as a forecast. Neither company has announced a deal, its terms or a timetable. No structure or use of funds has been announced for the possible investment.
Source: TokenPost
