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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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China maintained its position as Dubai's biggest trading partner in 2018. (Shutterstock)
March 11th, 2019 - 07:32 GMT

China Remains Dubai's Biggest Trading Partner in 2018

US to Outdo Saudi Arabia in Oil Exports in 2019. (Shutterstock)
March 10th, 2019 - 12:41 GMT

US to Outdo Saudi Arabia in Oil Exports in 2019

US Citizens Will Need Schengen Visa to Enter Europe in 2021. (Shutterstock)
March 10th, 2019 - 12:13 GMT

US Citizens Will Need Schengen Visa to Enter Europe in 2021

Who Runs the 'STEM in the Arab World'? 'Girls'! (Shutterstock)
March 10th, 2019 - 12:07 GMT

Who Runs the 'STEM in the Arab World'? 'Girls'!

The first shale oil well drilling started a few months ago. (Shutterstock)
March 10th, 2019 - 11:17 GMT

Bahrain to Start Shale Oil Production Soon

Egypt Expected to Be Among World’s Top 10 Economies by 2030. (Shutterstock)
March 10th, 2019 - 10:21 GMT

Egypt Expected to Be Among World’s Top 10 Economies by 2030

Kuwait Exposes Employees Working in Oil Sector With Forged Certificates. (Shutterstock)
March 10th, 2019 - 09:55 GMT

Kuwait Exposes Employees Working in Oil Sector With Forged Certificates

The pharmaceutical sector in the Mena region has witnessed tremendous growth over the last few years. (Shutterstock)
March 10th, 2019 - 09:37 GMT

Pharmaceutical Sector in MENA to Hit $60 Billion by 2025

Large volumes of natural gas have been found in the Red Sea. (Shutterstock)
March 10th, 2019 - 09:34 GMT

Saudi Arabia: Large Volumes of Gas Discovered in Red Sea

India wants to keep buying Iranian oil at its current level of about 300,000 barrels per day. (Shutterstock)
March 10th, 2019 - 09:24 GMT

India Negotiates Waiver Extension With US on Iran’s Oil

Lebanon will have no problems rolling over 2019’s debt. (Shutterstock)
March 10th, 2019 - 08:20 GMT

Will 2019 Be a Better Year for Lebanon's Economy?

Canada Keen on Increasing Trade Volume With Qatar. (Shutterstock)
March 10th, 2019 - 08:13 GMT

Canada Keen on Increasing Trade Volume With Qatar

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