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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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In 2012, Royal Jordanian (RJ) halted flights over Syria, and re-routed its flights and operations from Amman to Beirut, causing the airline to incur losses of JD19.4 million. (Pixabay)
March 5th, 2019 - 10:35 GMT

Jordan Allows Airlines to Resume Flying in Syrian Space

On the Lebanese-Jordanian relations, Berri highlighted Lebanon’s longtime electricity crisis, to which the Jordanian king expressed readiness to provide Lebanon with electricity in exchange for water. (Pixabay)
March 5th, 2019 - 10:20 GMT

Jordan Eager to Exchange Electricity for Lebanese Water

US President Donald Trump addresses the National Association of Attorneys General in the State Dining Room of the White House in Washington, DC on March 4, 2019. (AFP)
March 5th, 2019 - 10:01 GMT

Trump Ends Preferential Trade Status for India, Turkey

Carlos Ghosn. (Shutterstock)
March 5th, 2019 - 09:48 GMT

Nissan Ex-Chairman Ghosn to Be Released on 1 Billion Yen Bail

Kuwait attracted not only those who came to work in the country but also investors with savings plans in various forms, primarily bank deposits. (Shutterstock)
March 5th, 2019 - 08:51 GMT

Will Kuwait Remain an Ideal Destination for Expats?

Recruitment companies (24 per cent) and credit card firms (18 per cent) topped a list of entities having the worst reputations in the UAE. (Pixabay)
March 5th, 2019 - 08:42 GMT

Recruiters, Credit Card Firms Topped Worst Reputable Companies List in UAE

The Saudi Minister of Communications and Information Technology Abdullah Alswaha speaking at the 2019 Mobile World Congress (MWC) in Barcelona. (AN)
March 5th, 2019 - 08:11 GMT

Saudi Arabia Claims Manufacturing 40 Percent of Material Used in Smartphones Displayed at MWC 2019

Gulf states are looking to new ways of putting food on the table. (Pixabay)
March 5th, 2019 - 07:56 GMT

Saudi Arabia Turns to Technology to Safeguard Food Security

His Highness the Amir Sheikh Tamim bin Hamad al-Thani at his Amiri Diwan Office shakes hand with Russian Foreign Minister Sergey Lavrov. (Gulf Times)
March 5th, 2019 - 07:33 GMT

Qatar, Russia to Strengthen Bilateral Trade Ties

The reason for the conclusion of U.S.-South Korea annual large-scale military drills is to save money, President Donald Trump said on Sunday. (AFP)
March 4th, 2019 - 12:43 GMT

Trump Ends Drills With S.Korea to Save Money

Lebanon's Outlook Changed From 'Stable' to 'Negative' (Shutterstock)
March 4th, 2019 - 10:42 GMT

Lebanon's Outlook Changed From 'Stable' to 'Negative'

Huawei CFO Sues Canada for Illegal Arrest. (Shutterstock)
March 4th, 2019 - 10:28 GMT

Huawei CFO Sues Canada for Illegal Arrest

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