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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 Red Sea project involves the development of a luxury tourism destination on the Saudi Red Sea coast. (Shutterstock)
February 14th, 2019 - 10:38 GMT

Red Sea Project, Largest of Its Kind in Saudi Arabia

The total exported quantities of Oman crude oil in January 2019 reached 23.32 million barrels. (Shutterstock)
February 14th, 2019 - 10:36 GMT

Over 30 Million Barrels of Crude Oil Produced in Oman Last Month

SMEs in the Middle East suffer the widest gap when it comes to financial inclusion worldwide. (Shutterstock)
February 14th, 2019 - 10:34 GMT

IMF: Arab Countries Can Benefit More From Structured Financial Technology

Ghosn confirmed a report by Japan's Sankei newspaper that he had hired lawyer Junichiro Hironaka to replace Otsuru. (AFP)
February 14th, 2019 - 10:32 GMT

Ghosn Seeks Effective Defense After Lawyers' Resignation

Saudi Arabia has expressed its regret about the decision by the European Commission to place the Kingdom on a blacklist of 23 non-EU countries. (Shutterstock)
February 14th, 2019 - 09:19 GMT

Saudi Arabia Upset About Its Inclusion on EU's 'Dirty Money' List

Saudi Arabia has transferred $60 million to the Palestinian Finance Ministry. (Shutterstock)
February 14th, 2019 - 08:25 GMT

Saudi Arabia Transfers $60 Millions to Palestine

The lifting of the Saudi warning comes two weeks after a new Cabinet was formed in Lebanon. (TheDailyStar)
February 14th, 2019 - 07:44 GMT

Saudi Arabia Lifts Travel Ban to Lebanon

Foreign cash inflows in Egypt have exceeded $163 billion in the last three years. (Shutterstock)
February 13th, 2019 - 01:38 GMT

Egypt’s GDP Rises 5.5 Percent, Foreign Cash Inflows Exceeds $163 Billion in 3 Years

Flower prices in 2019 went up 20 percent compared to the previous year. (Shutterstock)
February 13th, 2019 - 01:33 GMT

Almost $475 Million Spent on Flowers Every Valentine’s Day in Turkey

Iran’s value of exports to Russia rose 36 percent in 2018. (Shutterstock)
February 13th, 2019 - 12:12 GMT

Iran Exports $533 Million of Goods to Russia in 2018

Exports would fall in March to 6.9 million bpd. (Shutterstock)
February 13th, 2019 - 12:05 GMT

Saudi Arabia to Decrease Oil Production to Reach Market Balance

Ryder addressing the gathering at the WGS summit in Dubai. (Trade Arabia)
February 13th, 2019 - 10:44 GMT

Experts at WGS: Gender Balance Is Crucial for the Success of a Workplace

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