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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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The top 10 countries account for 85 per cent of the exported national origin value and 15 per cent for other countries. (Shutterstock)
March 26th, 2019 - 07:11 GMT

Bahrain-Origin Exports Soars to $465 Million

U.S. Crude Oil WTI Futures fell 0.8% to $58.56 by 1:00 AM ET (05:00 GMT). International Brent Oil Futures was down 0.7% to $66.31. (Shutterstock)
March 25th, 2019 - 12:22 GMT

Oil Prices Slip Amid Concerns on Global Economic Slowdown

US regulators are preparing to receive and review the fixes in the coming weeks following deadly crashes in Indonesia and Ethiopia. (AFP)
March 25th, 2019 - 11:56 GMT

Boeing to Return 737 Max to Commercial Service

A balanced capitalist economy requires a magic number. (Shutterstock)
March 25th, 2019 - 11:39 GMT

Balanced Capitalist Economy, Illusion or Achievable Dream?

The teachers on temporary contracts, who have been on strike since March 3, enjoy the same salaries as their permanent colleagues - 5,000 dirhams ($520) a month. (AFP)
March 25th, 2019 - 10:32 GMT

Thousands of Teachers Protest in Morocco Demanding Social Justice

Luxor. (Shutterstock)
March 25th, 2019 - 09:33 GMT

Egypt Ranks First as Billionaires’ Most Desired Country to Visit in 2019

As per the deal, 600 MW will be offered by the Office of Renewable Energy Projects Development (Repdo) in a public competition. (Shutterstock)
March 25th, 2019 - 09:13 GMT

Saudi Arabia to Float Tenders for Solar Project in Makkah

Share of non-oil sector in country's economy will rise to 80% in next 5 years. (Shutterstock)
March 25th, 2019 - 09:02 GMT

UAE Focuses on Asia to Expand Non-Oil Foreign Trade

Only a third (34 per cent) of institutional investors noted that they are altering European and UK allocations as a result of Brexit. (Shutterstock)
March 25th, 2019 - 08:51 GMT

EMEA Fixed Income Investors Optimistic About Current Economic Expansion

As predicted by pundits, the steady downturn is expected to sustain through 2019 before stabilising in 2020 with recovery expected to start in 2021. (Shutterstock)
March 25th, 2019 - 08:09 GMT

5 Cheapest Areas to Buy Property in Dubai

Turkish lokum, olive oil, figs, hazelnuts may be among products promoted under new brand name. (Shutterstock)
March 25th, 2019 - 07:57 GMT

Turkey to Launch Global Umbrella Brand for High-Quality Exported Goods

For the first time, Abu Dhabi's Hub71 will bring together three key pillars that are essential for the success of Abu Dhabi's technology ecosystem - capital providers, business enablers and strategic partners.  (Shutterstock)
March 25th, 2019 - 07:30 GMT

UAE Launches Dh535 Million Hub for Tech Startups

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