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Musk leveraged SpaceX loans to support Tesla, SolarCity
April 25th, 2026 - 09:10 GMT
Osama Ali

Osama Ali

Musk leveraged SpaceX loans to support Tesla, SolarCity

ALBAWABA - The New York Times' research has shown how Elon Musk uses SpaceX as a primary source of funding to sustain his personal liquidity as well as other businesses in his portfolio. The study claims that Musk obtained large loans from SpaceX, starting with $100 million in 2018 and growing to over $500 million over the next years. These loans were secured by his firm shares and had interest ...
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Department stores will provide one million jobs for Saudis by 2020. (Shutterstock)
April 2nd, 2019 - 07:29 GMT

Malls in Saudi Arabia to Provide a Million Jobs by 2020

The sum of exports and imports went down by 17.4 percent to reach $1.6 billion over the period. (Shutterstock)
April 2nd, 2019 - 06:42 GMT

Lebanon’s Trade Deficit Falls to $1.2 Billion

About 6 million Saudi women, representing 65 percent, may apply for driving licenses in the near future. (Shutterstock)
April 2nd, 2019 - 06:32 GMT

Women Driving in Saudi Arabia Resulted in Drop of Expat Drivers in Households by 7 Percent

Dubai has successfully maintained its status as the global capital of the Islamic economy. (Shutterstock)
April 2nd, 2019 - 06:18 GMT

Dubai Remains the Global Capital of Islamic Economy

The company’s standalone profile corresponds to a rating of 'AA+', with stable outlook, says Fitch. (Shutterstock)
April 2nd, 2019 - 04:00 GMT

Fitch: Saudi Aramco World’s Biggest Oil Producer by Volume

As long as you follow some simple rules, you’ll have a great website running in no time. (Shutterstock)
April 1st, 2019 - 06:00 GMT

3 Rules to Help You Create Your Own Website

Germany on Sunday announced that it delivered a $100-million unconditional loan to Jordan in budget support. (Shutterstock)
April 1st, 2019 - 10:32 GMT

Germany Supports Jordan With $100 Million Unconditional Loan

Gold prices were trading near flat on Monday in Asia. (Shutterstock)
April 1st, 2019 - 10:18 GMT

Gold Prices Remain Unchanged Amid Positive China Data; Trade Talks Progress

South Sudan will pump an additional 70,000 barrels per day of crude oil next June. (Shutterstock)
April 1st, 2019 - 10:11 GMT

South Sudan to Pump Additional 70,000 Oil Barrels by Next June

Europe must forge its own strategic view about the new global order. (Shutterstock)
April 1st, 2019 - 10:06 GMT

Opinion: EU Needs a New Global Trade Strategy

UAE hosts over 200 nationalities. (Shutterstock)
April 1st, 2019 - 09:31 GMT

Expats to Benefit From New Family Sponsorship Policy in UAE

Statistics revealed by the concerned authority show 41.2% of the Kuwaiti university graduates are unemployed. (Shutterstock)
April 1st, 2019 - 08:48 GMT

Over 40 Percent of Kuwaiti University Graduates Unemployed

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