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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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The Philippines is projected to see its ultra-rich population grow by 38 percent and China was third with 35 percent. (Pexels)
March 6th, 2019 - 11:22 GMT

Study: Asia to Become Home to Over 1,000 Billionaires

Saudi Economy Improving Due to Oil Prices' Recovery. (Shutterstock)
March 6th, 2019 - 11:11 GMT

Report: Saudi Economy Improving Due to Oil Prices' Recovery

Which of These UAE 5 Visas Is the Right One for You? (Shutterstock)
March 6th, 2019 - 10:59 GMT

Which of These UAE 5 Visas Is the Right One for You?

Nearly half of the World Bank’s $18 million loan to overhaul Beirut’s airport will be invested in a “fast-track link” to ease congestion and manage passenger flow before the summer. (Twitter)
March 6th, 2019 - 10:38 GMT

$9 Million 'Fast-Track Link' to Ease Congestion in Beirut's Airport

The labor law was amended several years ago raising the annual leave to 30 – Fridays not included – when the labor law underwent major changes. (Shutterstock)
March 6th, 2019 - 09:38 GMT

Employees in Kuwait's Private Sector to Get 35 Annual Leave Days

World Bank Urges Egypt to Prioritize Women's Participation in the Economy. (Shutterstock)
March 6th, 2019 - 09:19 GMT

World Bank Urges Egypt to Prioritize Women's Participation in the Economy

The Absher website also provides information on how to report wanted persons, or administrative or financial corruption. (ArabNews)
March 6th, 2019 - 09:04 GMT

Saudi Government App to Remain on Google Play Store Despite Criticisms

Over the past year, Asian nationals saw a 12% increase in their share of approaches by UAE employers. (Pexels)
March 6th, 2019 - 08:12 GMT

More Asian Professionals to Be Hired This Year in UAE

Dubai Launches 5 New Initiatives to Support SMEs (Shutterstock)
March 6th, 2019 - 07:50 GMT

Dubai Launches 5 New Initiatives to Support SMEs

Other than Germany, only the Netherlands showed significant benefits, gaining more than $392 billion or $23,792 GDP per capita. (Pixabay)
March 5th, 2019 - 12:32 GMT

Has the Euro Saved or Harmed Europe?

Launched in Dubai in 2014, Beehive is MENA’s first regulated peer-to-peer lending platform. (Shutterstock)
March 5th, 2019 - 11:51 GMT

New Platform in Bahrain to Create Funding Opportunities for SMEs

The accounts were closed after they were found to be selling counterfeit goods. (Pixabay)
March 5th, 2019 - 11:22 GMT

Here's Why Dubai Shut Down Almost 14,000 Business Social Media Accounts

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