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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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Four key technology trends are playing a big role in shaping companies’ strategies for delivering growth amid today’s pervasive change. (Shutterstock)
March 28th, 2019 - 08:12 GMT

4 Technology Trends in Oil and Gas for 2019

The new Arar crossing with Iraq, which is under construction, will be equipped with state-of-the-art technology and meet global standards. (Shutterstock)
March 26th, 2019 - 01:03 GMT

Saudi Arabia to Develop Trade Ties With Iraq

The report also indicates that Sunday is the cheapest day for travel, whereas prices increase on Thursday. (Shutterstock)
March 26th, 2019 - 12:54 GMT

Report: GCC Mobile Travel Bookings Soars 110 Percent in 2018

The move is in connection with the acquisition of Careem by Uber Technologies, a San Francisco headquartered transportation network company. (Shutterstock)
March 26th, 2019 - 12:44 GMT

Leading Travel and Tourism Company Exits Careem in $474 Million Deal

Imran Khan. (Shutterstock)
March 26th, 2019 - 12:32 GMT

Imran Khan: Asia’s Largest Oil, Gas Reserves May Soon Be Found Near Karachi

The UAE and Lebanon had the highest number of billionaires, with 7 entries each, followed by Egypt with 6 billionaires. (Shutterstock)
March 26th, 2019 - 10:40 GMT

Video: The 10 Richest Arabs of 2018

The affirmation of the Aa2 rating incorporates Moody's view that the government of Abu Dhabi, the wealthiest of the seven Emirates that comprise the UAE, stands fully behind the federal government of the UAE. (Shutterstock)
March 26th, 2019 - 09:49 GMT

Moody's Affirms UAE's Rating; Outlook Remains Stable

Export of Iranian gas to Iraq, Armenia and Republic of Azerbaijan is underway within the framework of the provisions as stipulated in the contract. (Shutterstock)
March 26th, 2019 - 09:31 GMT

Turkey to Boost Gas Import From Iran

A two-year investigation by the European Commission found between 2004 and 2017 it had banned firms from selling them across borders to other EU countries. (Shutterstock)
March 26th, 2019 - 09:21 GMT

EU Fines Nike £11 Million

Asian stocks tumbled on Monday after Wall Street closed sharply lower last week. (Shutterstock)
March 26th, 2019 - 09:07 GMT

Asian Shares Recover After an 'Overreacted' Tumble

The initiative is part of Tanfeedh’s programme which aims to diversify the economy and enhance the attractiveness of the private sector to Omani citizens. (Shutterstock)
March 26th, 2019 - 08:47 GMT

Oman grants companies Expat visas in 24 hrs if omanization targets met

Apple CEO Tim Cook speaks during an event launching Apple TV+ at Apple headquarters on March 25, 2019, in Cupertino, California. (AFP)
March 26th, 2019 - 07:51 GMT

Apple Launches New Streaming Service, Credit Card

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