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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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Prices seen to go down on decline in housing and fuel prices, oversupply in retail and hospitality, and receding VAT effect. (Shutterstock)
March 10th, 2019 - 07:59 GMT

UAE Expected to Slip Into Deflation in 2019

The value of re-exports increased by 49pc as it reached BD58m during January versus BD39m in the same month a year ago. (Shutterstock)
March 9th, 2019 - 08:21 GMT

Report: Saudi, UAE, US Are Bahrain's Top Importers

Amazon on Wednesday unveiled plans to open more bookstores and “4-star” shops selling only the best-rated products. (Shutterstock)
March 9th, 2019 - 08:16 GMT

Amazon to Expand Amazon Books, '4-Star' Shops

Saudi Arabia sold gas to domestic consumers below cost of production, to encourage this new desire for fuel diversity. (Shutterstock)
March 9th, 2019 - 07:53 GMT

The Importance of Gas Production in Saudi Arabia

The Indian government plans to study the options it has and consider the impact on its trade with the US. (Shutterstock)
March 8th, 2019 - 06:00 GMT

India Mulls Dropping Proposed Trade Package With US

The real estate finance sector in the kingdom will play a significant role in increasing the ownership rate, reaching 70 per cent by 2030. (Shutterstock)
March 8th, 2019 - 05:30 GMT

Saudi Arabia Eyes Over $21 Billion Worth of Investments in Mortgage Finance

Sweden ranked first; making Denmark second this year after dominating the list in 2018. (File/Photo)
March 8th, 2019 - 05:00 GMT

Video: The 10 Best Arab Countries for Women

Legislative frameworks in Lebanon have so far significantly hindered women’s access to equal economic rights. (Shutterstock)
March 7th, 2019 - 11:55 GMT

Will Women Be Able to Unleash Their Potentials in Lebanon?

Jordan's Airport Rewarded Best Airport by Size in the Region. (Shutterstock)
March 7th, 2019 - 11:44 GMT

Jordan's Airport Rewarded 'Best Airport by Size' in the Region

Bahrain Commences Developing Oldest Finery in Region. (Shutterstock)
March 7th, 2019 - 10:25 GMT

Bahrain Commences Developing Oldest Finery in Region

More than 1.6mn people visited Oman’s top five attractions in 2018, boosting domestic tourism in the country. (Shutterstock)
March 7th, 2019 - 09:58 GMT

Planning to Visit Oman? Check out Its Top 5 Attractions

The Kingdom’s entertainment and events calendar is full of activities for which foreign visitors can get e-visas. (Shutterstock)
March 7th, 2019 - 09:45 GMT

Saudi Arabia Mulls Granting Visa-Free Access for Tourists From US, EU, Japan, China

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