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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 annual World Government Summit kicks off today to redefine the future of governments and unite efforts to solve universal challenges facing humanity. (Shutterstock)
February 10th, 2019 - 10:01 GMT

UAE Leads Dialogues in Technology at World Government Summit

Concerts that have taken place already in Saudi Arabia by top-notch international superstars. (Shutterstock)
February 10th, 2019 - 09:38 GMT

500 Companies Established in Saudi Arabia to Boost Entertainment Sector

The 493 investments were made by 361 foreign firms. (Shutterstock)
February 10th, 2019 - 09:29 GMT

$43 Billion of Foreign Investment Within 4 Years in Saudi Arabia

Prominent handovers in 2018 include multiple project deliveries in Damac Hills, Hayat Townhouses and Bluewaters Residences. (Shutterstock)
February 10th, 2019 - 07:56 GMT

Properties in Dubai, Supply to Outpace Demand in 2019

Saudi Arabia based issuers led the GCC in 2018, raising a total of US$28.51 billion through 22 issuances and representing 31 percent of the total value raised in the GCC. (Shutterstock)
February 10th, 2019 - 07:42 GMT

GCC Sovereign and Corporate Issuances, Totaled Exceeds $153 Billion in 2018

More than 50,000 trade licenses were issued to women entrepreneurs last year. (Shutterstock)
February 10th, 2019 - 07:27 GMT

More Businesswomen in UAE, Few Represented in Company Boards

The industry had returned to $50 oil and it was enough to stimulate some significant hiring in the upstream sector. (Shutterstock)
February 10th, 2019 - 07:21 GMT

Recruitment Rate to Recover in Oil, Gas Industry

Christine Lagarde, International Monetary Fund chief. (AFP)
February 10th, 2019 - 07:14 GMT

IMF Chief: Corruption Is 'Key Threat' to Middle East Economies

OPEC has become a battleground for the rivalry between Saudi Arabia and Iran. (Shutterstock)
February 9th, 2019 - 11:28 GMT

Are We Witnessing the End of OPEC?

Bahrain’s potential for sky-high earnings for expats was central to its storming rise up the rankings this year, increasing 10 places on 2017. (Shutterstock)
February 9th, 2019 - 11:10 GMT

Bahrain Among Best Destinations for Expat Careers in 2019

UAE infrastructure spending will ramp up as Expo 2020 Dubai preparations gather pace. (Shutterstock)
February 9th, 2019 - 11:05 GMT

UAE’s Economy the Fastest Growing in GCC in 2019

The IMF also referred to the importance of the upcoming London conference to support Jordan’s economy and investment. (Shutterstock)
February 8th, 2019 - 11:43 GMT

IMF: Jordan’s New Measures to Help Its Economy Recover Despite Challenges

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