Skydance shares jumped 11% on October 21 following comments from John Malone regarding a potential deal with SpaceX. However, the shares reversed these gains on October 22. This reversal followed a report detailing a $1 billion investment from Elon Musk.
Skydance shares triggered a volatility halt after swinging between $8.46 and $7.53 on reports of a $1 billion investment by Elon Musk.
Read the full storySkydance Corporation shares rallied following comments from investor John Malone regarding a potential transaction with SpaceX to address debt levels.