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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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Egypt is projected to soar from 21st to 7th place by 2030. (Shutterstock)
March 19th, 2019 - 05:00 GMT

Video: World’s Largest 10 Economies in 2030

Two smart alarm systems for cars have plugged critical security holes that put three million vehicles globally at risk of being hijacked. (Shutterstock)
March 18th, 2019 - 07:00 GMT

Research: 3 Million Cars at Risk of Being Hijacked

Clearly, the idea that employees will always resist cutting wages (or workers’ hours) no longer applies. (Shutterstock)
March 18th, 2019 - 06:30 GMT

In Today's Economy, Is There Still a Trade-Off Between Unemployment and Inflation?

There will be 450,000 jobs available for young Saudi men. (Shutterstock)
March 18th, 2019 - 05:30 GMT

Will Saudi Arabia's Efforts Cure the Kingdom from the Unemployment Plague?

Tunisia’s Finance Ministry unveiled a government plan to reduce budget deficit. (Shutterstock)
March 18th, 2019 - 05:00 GMT

Tunisia Aims to Reduce Budget Deficit to 2 Percent in 2022

Saudi Arabia is witnessing a rebound in construction activity due to headline infrastructure workloads increasing. (Shutterstock)
March 18th, 2019 - 12:18 GMT

Saudi Construction Sector Witnesses Rebound in Activity

A ban on the insiders' trading at public shareholding companies listed in the UAE capital markets took effect on March 17. (Shutterstock)
March 18th, 2019 - 12:16 GMT

Insider Trading Ban Takes Effect in UAE

Women's incomes in Bahrain have risen by 66 per cent between 2010 and 2017. (Shutterstock)
March 18th, 2019 - 12:13 GMT

Women’s Income in Bahrain Rises 66 Percent Within 7 Years

The robot is designed to offer job seekers interviews that are free from any of the unconscious biases. (Shutterstock)
March 18th, 2019 - 12:05 GMT

Meet Tengai the Swedish Robot: The Only Unbiased Interviewer in the World?

Iran launched a number of new projects aimed to increase its gas production. (Shutterstock)
March 18th, 2019 - 09:54 GMT

Iran Aims to Increase Gas Production From Shared Field With Qatar

Around $20 billion in passive inflows are likely to be spurred by Saudi Arabia’s inclusion in major emerging markets stock indices. (AFP)
March 18th, 2019 - 09:12 GMT

Saudi Presence Injects $20 Billion Into Emerging Stock Markets

Sudan received a $300-million loan from the Arab Monetary Fund to tackle its foreign currency crisis. (Shutterstock)
March 18th, 2019 - 08:57 GMT

Arab Fund Supports Sudan with $300 Million

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