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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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Prime Minister Saad Hariri said Tuesday that 12,000 Saudi tourists had visited Lebanon in the weekend directly following the lifting of a Saudi travel warning last month. (Shutterstock)
March 24th, 2019 - 08:12 GMT

Saudi Tourists to Boost Lebanese Tourism Sector This Summer

The 10 million barrels fall in US crude stocks was the largest drop since July 2018, due to a combination of strong exports and higher refining utilization. (Shutterstock)
March 24th, 2019 - 07:03 GMT

All You Need to Know About the Oil Market This Week

Google and Facebook are directly competing for video dominance. (Shutterstock)
March 24th, 2019 - 06:55 GMT

Google, Facebook Projected to Make $176 Billion From Advertising in 2019

The bank's four additional subsidiaries have also been designated. (Shutterstock)
March 23rd, 2019 - 09:00 GMT

US Sanctions Venezuela's Bank Following Arrest of Guaido's Aide

The recent Capacity Middle East 2019 event in Dubai highlighted the developments in subsea segment. (Shutterstock)
March 23rd, 2019 - 08:00 GMT

How 5G Positions UAE as Global Connectivity Hub

Saudi Arabia and UAE embrace blockchain despite a crash in coin prices. (Shutterstock)
March 23rd, 2019 - 07:00 GMT

Will the GCC Lead the Digital Currency World?

Many fear, with good reason, that fossil-fuel interests will exploit solar geoengineering to oppose emissions cuts.  (Shutterstock)
March 23rd, 2019 - 06:00 GMT

Geoengineering, a Double-Edged Sword

Tech Park. (Twitter)
March 23rd, 2019 - 05:03 GMT

UAE Launches Tech Start-Up Hub From Recycled Shipping Containers

The project aims to create a “human space that will bring back the human life to Riyadh. (Shutterstock)
March 22nd, 2019 - 07:00 GMT

Saudi Arabia to Create Largest Public Park in the World

The strategic food security facilities and warehouses at Hamad Port have capacity to stockpile processed and stored food for 3 million people for two years. (Shutterstock)
March 22nd, 2019 - 06:30 GMT

Qatar Increases Efforts to Achieve Food Security

Finnovex ME 2019 brought together over 300 delegates from eight countries including the UAE, Saudi Arabia, Bahrain, Jordan, Kuwait, Lebanon, Oman and Egypt. (Shutterstock)
March 22nd, 2019 - 06:00 GMT

FinTech Expected to Improve Financial Health of People in GCC

Gulf Air operates five weekly nonstop flights between Bahrain and Athens and provides excellent two-way connectivity between the two countries and beyond. (Shutterstock)
March 21st, 2019 - 12:14 GMT

Gulf Air Named 'Fastest Growing Airline' in Middle East

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