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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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Uber's rival in the region, Careem, topped this list by raising $200 million to expand its services. (Shutterstock)
March 11th, 2019 - 12:51 GMT

Video: 10 Biggest MENA Tech Investment Deals in 2018

Dubai Private Sector Not Hiring Despite Stable Economy. (Shutterstock)
March 11th, 2019 - 12:12 GMT

Dubai Private Sector Not Hiring Despite Stable Economy

Iraqi, Kuwaiti Ports: From Competitors to Partners. (Shutterstock)
March 11th, 2019 - 12:02 GMT

Iraqi, Kuwaiti Ports: From Competitors to Partners

The announcement aims to drive the development of the AgTech ecosystem. (Shutterstock)
March 11th, 2019 - 11:31 GMT

Abu Dhabi Aims to Become Global AgTech Centre

Contactless and NFC-enabled solutions use tokenisation technology that protects sensitive information from theft and fraud. (Shutterstock)
March 11th, 2019 - 10:23 GMT

The Importance of Omnichannel Payments for Your Business

GCC Construction Contracts Plummet 39 Percent in Value Terms. (Shutterstock)
March 11th, 2019 - 09:39 GMT

GCC Construction Contracts Plummet 39 Percent in Value Terms

Qatar-Pakistan Trade Soars 230 Percent Hitting $2.6 Billion in 2018. (Shutterstock)
March 11th, 2019 - 09:34 GMT

Qatar-Pakistan Trade Soars 230 Percent Hitting $2.6 Billion in 2018

Qatar Project Creates Over 6,000 Jobs in Gaza. (Shutterstock)
March 11th, 2019 - 09:23 GMT

Qatar Project Creates Over 6,000 Jobs in Gaza

IMF: Tunisia's GDP Is Lowest Among Its Arab Maghreb Peers. (Shutterstock)
March 11th, 2019 - 09:00 GMT

IMF: Tunisia's GDP Is Lowest Among Its Arab Maghreb Peers

Saudi Arabia Aims to Produce Over 50% of Solar Energy Globally by 2030. (Shutterstock)
March 11th, 2019 - 08:24 GMT

Saudi Arabia Aims to Produce Over 50% of Solar Energy Globally by 2030

Oman Witnesses Increase in Inflation. (Shutterstock)
March 11th, 2019 - 08:14 GMT

Oman Witnesses Increase in Inflation

Saudi Arabia Assigns One Third of Government Jobs to Women. (Shutterstock)
March 11th, 2019 - 07:47 GMT

Saudi Arabia Assigns One Third of Government Jobs to Women

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