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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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Cyber-security is expected to be among the fastest growing sectors in Saudi Arabia. (Shutterstock)
January 23rd, 2019 - 08:02 GMT

Cyber-Security Projected to Reach $5 Billion by 2022 in Saudi Arabia

Russia will grant $10 million in financial aid for Palestinian refugees. (Shutterstock)
January 23rd, 2019 - 07:17 GMT

Russia Grants $10 Million to Palestinian Refugees

Saudi Arabia will remain the largest global oil exporter for years to come despite the growth of the US oil sector. (Shutterstock)
January 23rd, 2019 - 07:06 GMT

IEA: Saudi Arabia Remains the Largest Global Oil Exporter

If you are looking for a 'forever home', then buying might just make sense. (Shutterstock)
January 23rd, 2019 - 06:52 GMT

To Rent or to Buy in Dubai: That's the Question

Bahrain the most cost-effective destination for business in the GCC (Shutterstock)
January 22nd, 2019 - 01:06 GMT

Report: Bahrain Most Cost-Effective Destination for Business in GCC

Expat investors can now bring their family members or siblings without regard to their age (Shutterstock)
January 22nd, 2019 - 12:29 GMT

Oman Woos Foreign Investors by Changing Residency Rules

Amazon maintained its title as the world’s most valuable brand, an independent brand valuation and strategy consultancy. (Shutterstock)
January 22nd, 2019 - 12:05 GMT

Amazon Remains the World’s Most Valuable Brand

Sri Lankan to Invest $10 Million in Bahrain’s Renewable Energy Sector. (Shutterstock)
January 22nd, 2019 - 12:04 GMT

Sri Lanka to Invest $10 Million in Bahrain’s Renewable Energy Sector

Check out World Economic Forum’s Agenda in Davos. (Shutterstock)
January 22nd, 2019 - 10:52 GMT

Check Out World Economic Forum’s Agenda in Davos and Watch It Live

Google became the first U.S. tech company to be hit for violating the regulations. (Shutterstock)
January 22nd, 2019 - 10:22 GMT

France Fines Google Almost $57 Million for Data Privacy Rules Violations

Dato Ku Jaafar Ku Shaari, Chief of Body
January 22nd, 2019 - 10:20 GMT

D8 Countries for to Adopt One Payment Card in Trade

Most UAE residents rely on their gratuity to fund their retirement, a new research has shown. (Shutterstock)
January 22nd, 2019 - 09:04 GMT

How Expats in UAE Plan for Their Retirement

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