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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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Landlords quote lower amount in rental pacts with municipality to pocket additional money. (Shutterstock)
January 31st, 2019 - 09:17 GMT

The Catch Behind OMR1 Rents in Oman

The International Monetary Fund's managing director Christine Lagarde said that Egypt has made substantial progress as evident in the success achieved in macroeconomic stabilisation. (AFP)
January 31st, 2019 - 09:15 GMT

Egypt on Right Track With Its Ongoing Economic Reform Programme: IMF

Fuel prices had declined in January as well. (Shutterstock)
January 31st, 2019 - 09:13 GMT

UAE to Reduce Fuel Retail Prices for February 2019

Egypt’s total budget deficit declined to 3.6 percent of GDP in the first half of the 2018/2019 fiscal year. (Shutterstock)
January 31st, 2019 - 09:12 GMT

Egypt Achieves Primary Budget Surplus of EGP21 Billion

“Support the resistance financially through the Bitcoin currency,” Hamas said, adding the exact mechanism would be announced later. (Shutterstock)
January 31st, 2019 - 09:11 GMT

Hamas Asks Supporters to Send Funds via Bitcoin

The sales prices are expected to remain under pressure in the foreseeable future. (Shutterstock)
January 31st, 2019 - 09:08 GMT

This Is How to Nail the Best Real Estate Deals in Dubai

The pilot project is aimed at studying the practical application of modern technologies. (Shutterstock)
January 31st, 2019 - 09:05 GMT

UAE, Saudi Digital Currency to Be Restricted to a Limited Number of Banks

Saudi Arabia's King Salman has received a report from a special committee investigating public corruption, which will see billions of riyals recovered. (AFP/ File Photo)
January 31st, 2019 - 08:03 GMT

Saudi Investigators Recover $106 Billion Assets in Anti-Corruption Crackdown

Iran has moved up two points to 47th place on Bloomberg Innovation Index 2019 report. (Shutterstock)
January 30th, 2019 - 11:08 GMT

Iran Ranks 47th in Bloomberg Innovation Index 2019

Qatar also removed the names of UAE companies from the list of approved vendors for infrastructure projects. (Shutterstock)
January 30th, 2019 - 10:59 GMT

UAE Files Case Against Qatar over Banning the Sale of UAE Goods

The differences between Beijing and Washington are vast. (Shutterstock)
January 30th, 2019 - 10:25 GMT

US, China Resume Trade Talks Despite Differences Over Economic Reforms

Omani jobseekers should not wait for a government job, but rather, aspire to start their own initiatives. (Shutterstock)
January 30th, 2019 - 10:16 GMT

Oman Urges Its Youth to Explore Working in the Private Sector

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