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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 price market structure for the Brent crude price has flipped to a slight backwardation after hovering in a slight contango for the past two weeks. (Shutterstock)
January 20th, 2019 - 07:50 GMT

Oil Prices Recover, Reaching Over $60 per Barrel

A no-deal Brexit could send the pound/dirham rate down to the 3.8 level from the current 4.77.
January 20th, 2019 - 07:00 GMT

Dirham vs Pound, How Will the Brexit Affect the UAE's Economy?

The electricity generated from the renewable sources will reach 1000 megawatts by March 2019. (Shutterstock)
January 19th, 2019 - 11:00 GMT

Iran to Construct 3000 New Small-Scale Solar Plants in Rural Areas

The Cabinet decided to slash the general sales tax on 61 commodities down to 4 per cent from 10 and 16 per cent. (Shutterstock)
January 19th, 2019 - 10:00 GMT

Jordan’s Decision to Reduce Sales Tax on Commodities Criticised as Ineffective

Some 700,000 civil servants observing a nationwide strike demanding payments' hike. (KUNA)
January 19th, 2019 - 07:28 GMT

Tunisia’s Workers Strike Demanding Higher Pay

Economists believe the UAE economy to perform better than most expect over the coming years. (Shutterstock)
January 19th, 2019 - 07:26 GMT

Rise in Public Spending to Boost GCC Economic Growth

Between 50 and 100 students participated in the demonstration, holding signs protesting the cost of education and lack of job opportunities. (Shutterstock)
January 18th, 2019 - 07:30 GMT

Lebanese Youth Protests Demanding Economic Change

According to the agreement signed with the housing authority, anticipating the total number of housing units will be between 5,000 to 6,000. (Shutterstock)
January 18th, 2019 - 06:30 GMT

Chinese Contractor to Deliver 6,000 Housing Units in Kuwait

The Dubai RTA has collaborated with big global firms for the extension of Dubai Metro Red Line up to the site of Expo 2020. (File/Photo)
January 18th, 2019 - 06:00 GMT

Dubai Route 2020 Trials Marked Successful

The world’s largest concentrated solar plant is due to be completed by 2021 near Dubai and is expected to have a 1,000-MW capacity. (Arab News)
January 18th, 2019 - 05:30 GMT

From Solar Boats to Electric Buses, UAE Diversifying Its Eco-Friendly Transportation Means

It's a dream set to come true in the UAE by 2020. (Shutterstock)
January 18th, 2019 - 05:00 GMT

Abu Dhabi Hyperloop, a Dream Costing up to $40 Million per Kilometre

EIA expects crude oil prices to continue to rise in late 2019 and early 2020 because of an increase in refinery demand for light-sweet crude oil (Shutterstock)
January 17th, 2019 - 10:46 GMT

Brent Oil Estimated at $61 per Barrel in 2019

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