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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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Jordan, US Discuss Opportunities to Bolster Strategic Partnership. (Shutterstock)
March 12th, 2019 - 12:43 GMT

Jordan, US Discuss Opportunities to Bolster Strategic Partnership

Kuwaiti MPs Demand Deportation of 50 Percent of Expats. (Shutterstock)
March 12th, 2019 - 12:31 GMT

Kuwaiti MPs Demand Deportation of 50 Percent of Expats

Bahrain Remains Best Country for Expats. (Shutterstock)
March 12th, 2019 - 11:03 GMT

Survey: Bahrain Remains Best Country for Expats

A total of Dh9.5 billion of the remittances were transferred through banks and Dh30.4 billion through money exchange companies. (Shutterstock)
March 12th, 2019 - 10:55 GMT

Expats' Remittances in UAE Exceeded $10 Billion in Q4 2018

 All You Need to Know About Dubai's Free Zones. (Shutterstock)
March 12th, 2019 - 10:37 GMT

All You Need to Know About Dubai's Free Zones

President Donald Trump proposed the highest budget in U.S. history Monday with a record $4.7 trillion request to Congress. (Shutterstock)
March 12th, 2019 - 09:48 GMT

Trump Proposes $4.7 Trillion, Highest Budget in US History

Brent closed Friday at $65.08 per barrel while WTI traded at $55.69 per barrel. (Shutterstock)
March 12th, 2019 - 09:40 GMT

Brent Crude Rises Slightly to $66.27

Privatization of Oman's Power Companies to Cut Bills for Consumers. (Shutterstock)
March 12th, 2019 - 09:10 GMT

Privatization of Oman's Power Companies to Cut Bills for Consumers

Saudi Arabia Invites Bids for 7 Solar Projects Worth $1.51 Billion. (Shutterstock)
March 12th, 2019 - 08:57 GMT

Saudi Arabia Invites Bids for 7 Solar Projects Worth $1.51 Billion

The digital transformation means that a smaller workforce can perform and keep track of their activities and timelines. (Shutterstock)
March 12th, 2019 - 08:36 GMT

The Role of New Technologies in Accelerating the Startups' Growth

A recent survey by an online recruitment firm revealed a 9 per cent growth in UAE's employment sector in 2019. (Shutterstock)
March 12th, 2019 - 08:22 GMT

More Than 8,500 Jobs Created in Dubai in 2019

Overall economic expansion for fourth quarter of 2018 estimated at 4.4%. (Shutterstock)
March 12th, 2019 - 08:11 GMT

UAE's GDP to Increase to 3.5 Percent in 2019

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