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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 Egyptian pound strengthened on Sunday to its highest in over two years. (Shutterstock)
March 18th, 2019 - 08:47 GMT

Egyptian Pound Strengthens to Highest in over 2 Years

Oil Prices Slips Due to Economic Slowdown. (Shutterstock)
March 18th, 2019 - 08:44 GMT

Oil Prices Slips Due to Economic Downturn

The first phase of the new plan will include basic emergency coverage for company employees in Oman. (Shutterstock)
March 18th, 2019 - 08:34 GMT

White Collar Workers in Oman to Get Health Cover First

Facebook said it removed 1.5 million videos globally of the New Zealand mosque attack. (Pixabay)
March 18th, 2019 - 07:55 GMT

Facebook Deletes 1.5 Million Videos of New Zealand Terror Attack

‘Blockchain’ is the buzzword thrown around frequently when the future of technology is discussed. (Shutterstock)
March 18th, 2019 - 07:44 GMT

The Effects of Blockchain on Global Economy

The UAE's 9.5 million population is currently being served by 60 local and foreign banks. (Shutterstock)
March 18th, 2019 - 07:17 GMT

Here's Why Consolidation Is Required in UAE's Banking Sector

Positive effects on employment and economic development could be considerable. (Shutterstock)
March 17th, 2019 - 04:30 GMT

Why Women Should Be More Involved in the Financial Sector in MEA

Online search interest in the UAE for cryptocurrencies close-ly follows the price fluctuations of leading digital assets. (Shutterstock)
March 17th, 2019 - 09:18 GMT

Report: UAE Online Searches Echo Global Cryptocurrency Trends

Qatar-Oman trade volume witnessed a 240% jump from QR2bn in 2016 to QR6.8bn last year. (Shutterstock)
March 17th, 2019 - 09:13 GMT

Qatar-Oman Trade Soars 240 Percent Hitting $1.8 Billion in 2018

112 new achievements in the field of nuclear energy will be unveiled during the first month of the upcoming Iranian calendar year. (Shutterstock)
March 17th, 2019 - 08:58 GMT

Iran to Unveil Over 100 New Nuclear Achievements

March 12th 2019 celebrates 30 years of the history of the web. (Shutterstock)
March 17th, 2019 - 08:52 GMT

Infographic: History of the World Wide Web

The unemployment rate also sparked to its highest levels in nine years. (Shutterstock)
March 17th, 2019 - 08:48 GMT

Turkey Faces Rise in Short-Term Debt, Unemployment Rate

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