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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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Qatar has been named as the best country in the world for starting a career. (Shutterstock)
February 24th, 2019 - 07:58 GMT

Report: Qatar Ranks 1st As World’s Best Country to Start a Career

The gesture is part of the UAE's wise leadership keenness to ensure decent life for all citizens. (Shutterstock)
February 24th, 2019 - 07:48 GMT

Nearly $100 Million Loans of 3,310 Emiratis Waived Off

New Talks to End Trade War Between US, China. (Shutterstock)
February 22nd, 2019 - 08:54 GMT

New Talks to End Trade War Between US, China

Dubai and New Zealand have initiated an electronic exchange of export certificate process. (Shutterstock)
February 22nd, 2019 - 08:48 GMT

UAE, New Zealand Launch New Electronic Processes

Qatar recently introduced a new taxation law. (Shutterstock)
February 22nd, 2019 - 07:50 GMT

Qatar’s Business Sector Ready for New Tax Laws

The volume of non-oil trade between the two countries in 2017 was recorded at AED36bn, a growth rate of 12.4 per cent over the year 2016. (Shutterstock)
February 21st, 2019 - 12:05 GMT

Oman, UAE to Develop Investment Opportunities

The VAT would also apply to other ride apps such as Careem. (Shutterstock)
February 21st, 2019 - 11:46 GMT

Uber Responds to Egypt’s VAT Law

P&G aims to spend $100 million on deliberately working with Women-Owned Businesses in IMEA with a $30 million commitment to India. (Shutterstock)
February 21st, 2019 - 11:28 GMT

P&G Commits to Gender Equality Across the IMEA Region

On January 31, the UK, Germany and France (the European Union signatories of the nuclear deal) launched a special purpose vehicle (SPV), dubbed the Instrument in Support of Trade Exchanges (INSTEX). (Shutterstock)
February 21st, 2019 - 11:05 GMT

INSTEX to Open up New Opportunities Between Iran, Russia

The authority said the news reports circulating online were inaccurate and misconstrued. (Shutterstock)
February 21st, 2019 - 10:44 GMT

UAE Dismisses Online Reports About Easing Qatari Shipping Ban

Several leading banks have cut the interest rates on deposits by an average of 2 percentage points while others were in the process of doing the same. (Shutterstock)
February 21st, 2019 - 10:29 GMT

Lebanese Banks Mull Reducing Interest Rates on Deposits

India is a top investment priority for Saudi Arabia. (Shutterstock)
February 21st, 2019 - 10:04 GMT

World's Biggest Oil Company Eyes Investments in India’s Reliance Industries

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