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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 French capital was the only eurozone city in the top 10, rising from second most expensive last year and from seventh position two years ago. (File/Photo)
March 20th, 2019 - 11:28 GMT

These Are the Three Priciest Cities in the World

A new government grant of up to BD5,000 is available for enterprises wishing to develop in Bahrain. (Shutterstock)
March 20th, 2019 - 08:48 GMT

Over $13,000 Grant for Businesses Wishing to Develop in Bahrain

Tourist visit visas will be valid for three months and given to Europeans and resident expats’ wives and children. (Shutterstock)
March 20th, 2019 - 08:41 GMT

Kuwait Determines Your Visit Visa Duration Based on the Financial Status of Your Host

The Iranian authorities are negotiating a financial and monetary agreement with China on using local currencies in bilateral financial transactions. (Shutterstock)
March 20th, 2019 - 08:32 GMT

Iran, China Mull Using Local Currencies in Financial Transactions

The US government, Boeing, airline officials and others are examining the crashes. (AFP)
March 20th, 2019 - 08:29 GMT

Boeing 737 Max Crisis: Four Questions For The CEO

India’s Accord Group and Oman’s Ministry of Oil and Gas have signed a $3.85 billion deal to build an oil refinery in Sri Lanka. (Shutterstock)
March 20th, 2019 - 08:20 GMT

India, Oman Sign $3.85 Billion Deal to Build Oil Refinery in Sri Lanka

Insurance experts and employee welfare advisors feel that once the Dhamani (Arabic for guarantee) system is in place, it will remove the financial burden from workers. (Shutterstock)
March 20th, 2019 - 08:02 GMT

Health Insurance in Oman: A Solution for Employees, a Burden on Employers

The global oilfield service sector’s recovery from the deepest trough it has ever encountered is not going to happen overnight. (Shutterstock)
March 20th, 2019 - 07:51 GMT

Research: Oil Service Market Will Not Fully Recover Until 2025

70,000 Jobs to Be Created, SR50 billion Investment Opportunities. (Shutterstock)
March 20th, 2019 - 07:41 GMT

Saudi Arabia Launches 4 Projects Worth $23 Billion to Boost Entertainment

If you believe Dubai should be a cheaper place to live and work for, think again. (Shutterstock)
March 20th, 2019 - 07:35 GMT

This Is Why Dubai Shouldn't Be Positioned as a Cheap Destination

Fintech will radically improve the financial health of the people of the Gulf. (Shutterstock)
March 20th, 2019 - 07:28 GMT

The Power of Fintech in UAE

The real estate sector will prosper by 2020 following the implementation of 14 new cities in Egypt which are worth about EGP 388bn. (Shutterstock)
March 19th, 2019 - 07:00 GMT

14 New Cities to Revive Egypt's Real Estate Sector by 2020

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