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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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Bahrain to Commence Working on Its Biggest Solar Plant. (Shutterstock)
March 13th, 2019 - 09:58 GMT

Bahrain to Commence Working on Its Biggest Solar Plant

Bahrain Offers 'Relaxed Visa Restrictions' to Pakistanis. (Shutterstock)
March 13th, 2019 - 09:55 GMT

Bahrain Offers 'Relaxed Visa Restrictions' to Pakistanis

The European Union put 15 countries on its list of non-cooperative tax jurisdictions. (Shutterstock)
March 13th, 2019 - 09:47 GMT

15 Countries Added on EU's Tax Haven List

Centralised control perpetuates inequality in investing but the democratisation of information could offer a cure. (Shutterstock)
March 13th, 2019 - 09:39 GMT

Access to Information: Solving the Inequality in Derivatives Trading

EU Refuses Brexit Negotiation With UK. (Shutterstock)
March 13th, 2019 - 09:31 GMT

EU Refuses Brexit Negotiation With UK

The Kingdom has also witnessed a series of protests staged by jobseeker. (Shutterstock)
March 13th, 2019 - 08:38 GMT

Jordan's Government Under Attack for Unemployment Issues

Most of these European tourists come to Lebanon as part of tour groups organized by travel agencies. (Shutterstock)
March 13th, 2019 - 08:31 GMT

Will the Hospitality Sector in Lebanon Be Resurrected Soon?

US crude exports will surpass shipments from Russia and nearly catches up to Saudi Arabia by 2024. (Shutterstock)
March 13th, 2019 - 08:19 GMT

IEA: US to Lead Global Oil Supply Growth to 2024

The Middle East has great potential as a shale oil-producing area. (Shutterstock)
March 13th, 2019 - 08:01 GMT

UAE Mulls Producing Shale Oil

An Ethiopian Airlines 737 Max 8 bound for Nairobi crashed minutes after take-off on Sunday, killing all 157 aboard. (AFP)
March 13th, 2019 - 07:52 GMT

Countries, Carriers Ban Operations of Boeing 737 Max

Rental yields remain high compared to global average. (Shutterstock)
March 13th, 2019 - 07:16 GMT

Rental Yields in UAE Remain High Compared to Global Average

Is Consolidation the Key for GCC Banks to Stay Competitive? (Shutterstock)
March 12th, 2019 - 01:10 GMT

Is Consolidation the Key for GCC Banks to Stay Competitive?

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