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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 figure shows 10 percent rise from the tax income earned during the same period of time in the previous year. (Shutterstock)
January 17th, 2019 - 10:03 GMT

More Than $16 Billion Generated in Iran From Tax Revenues

CBI decided to take a more moderate stance toward the digital money and blockchain technology following the imposition of a new round of U.S. sanctions. (Shutterstock)
January 17th, 2019 - 09:54 GMT

Will Crypto-Rial Help Iran Evade the Sanctions' Effects?

Qatari businessmen are interested in exploring investment opportunities available in Ethiopia. (Shutterstock)
January 17th, 2019 - 09:47 GMT

Qatar Eyes Investment Opportunities in Ethiopia

Expats Can Hold Senior Positions for 3 Years Only (shutterstock)
January 17th, 2019 - 09:33 GMT

Expats Can Hold Senior Positions for 3 Years Only

Property sales to foreigners posted an annual hike of 78.4 percent to reach 39,663 houses. (Shutterstock)
January 17th, 2019 - 09:07 GMT

Over 1.37 Million Houses Sold in Turkey in 2018

The annual inflation rate in Tunisia reached a near-30-year high in 2018. (Shutterstock)
January 17th, 2019 - 08:58 GMT

Economic Indicators Raise Concerns for Instability in Tunisia

The total value of the NEOM Bay development has not been disclosed. (Arab News)
January 17th, 2019 - 08:07 GMT

Saudi Arabia to Commence Developing $500 Billion Mega-City

The chamber's exports last year hit JD4.280 billion compared with JD3.896 billion in 2017. (Shutterstock)
January 17th, 2019 - 07:45 GMT

Jordan's Exports Soars 10 Percent in 2018

Media reports suggested that flydubai will resume flights to Damascus. (File/Photo)
January 17th, 2019 - 07:38 GMT

flydubai Considers Resuming Flights to Damascus

UAE airline offered to buy more shares of Jet at a 49 percent discount. (File/Photo)
January 17th, 2019 - 07:36 GMT

Etihad Airways, Jet Airways Denies Reports of $35 Million Bailout Deal

As more supply is expected to materialise in the coming year, residential vacancies are anticipated to increase further in Abu Dhabi. (Shutterstock)
January 16th, 2019 - 12:12 GMT

Property Market Prices on a Steady Fall in This Emirate

Gulf shifts focus to diversify energy sources to boost economy (Shutterstock)
January 16th, 2019 - 10:52 GMT

220,500 Jobs in GCC If Region Meets Its Sustainable Energy Targets by 2030

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