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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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Shipments reached 365.2 million units in the last three months of 2018. (Shutterstock)
February 3rd, 2019 - 05:36 GMT

Smartphone Splurge in Gulf Cools Down as Economic Struggles Loom

Saudi Arabia is about to begin development of the first area of its mega business zone NEOM. (Shutterstock)
February 3rd, 2019 - 05:30 GMT

Saudi Launches $53 Billion Industrial Plan NIDLP

Turkey's path will not cross with IMF's for either loans or technical support, says Turkish Treasury and Finance Ministry. (Shutterstock)
February 2nd, 2019 - 10:41 GMT

Turkish Economy Needs No External Support: Finance Ministry

Non-oil growth is projected to rise to 3.9 percent in 2019 and 4.2 percent in 2020. (Shutterstock)
February 2nd, 2019 - 10:40 GMT

UAE Non-oil Growth to Rise 3.9 Percent in 2019

The tower's design is inspired by the harmonious ripples of the UAE's desert sand dunes. (Khaleej Times)
February 2nd, 2019 - 10:39 GMT

Dubai Adds Another Milestone to Its Skyline: The 550-Metre Burj Jumeira

Iran’s president said Wednesday the country was facing its toughest economic situation in 40 years. (AFP)
February 1st, 2019 - 05:30 GMT

Iran Blames US for Toughest Economic Situation in 40 Years

Saudi Arabia’s aim to boost foreign investment in the $496 billion Tadawul stock exchange has taken a leap forward. (AFP)
February 1st, 2019 - 05:00 GMT

Saudi Arabia to Launch the Tradeable MSCI Tadawul 30 Index

Turkish exports rose 7 percent on a yearly basis to hit $168 billion. (Shutterstock)
January 31st, 2019 - 01:22 GMT

Turkey’s Foreign Trade Gap Narrowed to 28.4 Percent in 2018

Fintech is a portmanteau of financial technology that describes an emerging financial services sector in the 21st century. (Shutterstock)
January 31st, 2019 - 11:31 GMT

Fintech Startups Pave the Way for Reforming Iran’s Financial System

The cost of the Syrian war on Lebanon amounts to about $14 billion. (Shutterstock)
January 31st, 2019 - 10:42 GMT

Central Bank Still Confident With Lebanon’s Economy Despite Regional Woes

Turkey welcomed 39.5 million foreign visitors in 2018 (Shutterstock)
January 31st, 2019 - 10:41 GMT

Over 39.5 Million Foreigners Visited Turkey in 2018

The two sides also voiced satisfaction with the growing trend of economic cooperation. (Shutterstock)
January 31st, 2019 - 10:40 GMT

Austria Stresses the Need for Expansion of Economic Cooperation With Iran

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