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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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Iran, China Trade Plummets 54.8 Percent in January 2019. (Shutterstock)
March 3rd, 2019 - 09:56 GMT

Iran, China Trade Plummets 54.8 Percent in January 2019

Choosing where and what to study can be one of the most life-changing decisions you’ll ever take.  (Shutterstock)
March 3rd, 2019 - 08:54 GMT

9 Universities You Should Consider If You Want to Study in the Arab World

Is the problem impeding the Saudization of jobs remains to be the low monthly payments alone?
March 3rd, 2019 - 08:35 GMT

Salary Is Not the Only Problem Impeding Saudization, Here's Why

Britain's Prime Minister Theresa May talks with greets King Abdullah II of Jordan inside 10 Downing Street in London on February 28, 2019, at the beginning of their meeting. (AFP)
March 3rd, 2019 - 08:26 GMT

International Donors Pledge $1.8 Billion to Help Jordan's Economic Transition

OPEC Oil Supply Reaches Lowest in Four Years. (Shutterstock)
March 3rd, 2019 - 08:22 GMT

OPEC Oil Supply Reaches Lowest in Four Years

The looming loan from the IMF would be the highest by any Pakistani government in its history from the Washington-based fund. (Shutterstock)
March 3rd, 2019 - 08:09 GMT

$12 Billion IMF Loan Deal to Help Pakistan's Fledgling Economy

Jeddah is a fertile region for private sphere investment in the leisure and entertainment industries. (Shutterstock)
March 2nd, 2019 - 07:41 GMT

Saudi Entertainment Sector to Create 200,000 Jobs by 2030

A total of 21,014 residential units, including apartments, villas and townhouses, had been completed during the third quarter of 2018. (Shutterstock)
March 2nd, 2019 - 07:39 GMT

Over 47,000 New Residential Units to Be Completed in Dubai

Saudi Arabia on Europe's Blacklist of Countries for Terrorism Financing and Money Laundering. (Shutterstock)
March 2nd, 2019 - 07:30 GMT

Saudi Arabia Won't Be on Europe's Money Laundering Blacklist

The Huawei Mate 20 Pro is Huawei's latest flagship smartphone. (File/Photo)
March 1st, 2019 - 08:03 GMT

Huawei Mate 20 Pro Awarded "Best Smartphone" at MWC 2019

Prices have increased after declining for four consecutive months. (Shutterstock)
March 1st, 2019 - 07:32 GMT

Higher Petrol Prices This Month in UAE

Iran’s tax income rose 14.1 percent during the last Iranian calendar year. (Shutterstock)
March 1st, 2019 - 07:22 GMT

Over $20.4 Billion of Taxes Collected in Iran

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