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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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More Than 98 Million Passengers Visited Saudi Airports in 2018 (Shutterstock)
January 15th, 2019 - 09:25 GMT

More Than 98 Million Passengers Visited Saudi Airports in 2018

Mutual Investments Between Kuwait, UK Exceeds $4 Billion in 2018 (Shutterstock)
January 15th, 2019 - 09:08 GMT

Mutual Investments Between Kuwait, UK Exceeds $4 Billion in 2018

Vendors’ VAT Registration Status Can Be Checked Online in Bahrain (Shutterstock)
January 15th, 2019 - 09:01 GMT

Vendors’ VAT Registration Status Can Be Checked Online in Bahrain

The Kingdom Tower stands in the night in Riyadh, Saudi Arabia (Shutterstock)
January 15th, 2019 - 08:36 GMT

Increasing Renewable Energy Production is on Saudi's Top List

A total of 4,557 expatriates were deported and another 5,413 arrested for “violating provisions of the Labour Law”. (Shutterstock)
January 15th, 2019 - 08:17 GMT

More Than 4,500 Expats Deported, 5000 Arrested in Oman

Money Transfers to Be Paid in Lebanese Local Currency Instead of US Dollar (Shutterstock)
January 15th, 2019 - 08:04 GMT

Money Transfers to Be Paid in Lebanese Local Currency Instead of US Dollar

Market sentiment should improve in the long run as the new visa regulations will provide a boost to the UAE's real estate market. (Shutterstock)
January 15th, 2019 - 07:30 GMT

UAE Relies on Visa Reforms to Stimulate Property Market

The Iranian foreign minister commended Iraq's positive stance on the promotion of ties with Iran (Shutterstock)
January 14th, 2019 - 11:25 GMT

Iraq to Strengthen Trade Ties With Iran Despite US Sanctions

Saudi Arabia to Construct $10 Billion Oil Refinery in Pakistan (Shutterstock)
January 14th, 2019 - 10:18 GMT

Saudi Arabia to Construct $10 Billion Oil Refinery in Pakistan

More Than $6 Billion Allocated to Support SMEs in Egypt (Shutterstock)
January 14th, 2019 - 09:57 GMT

More Than $6 Billion Allocated to Support SMEs in Egypt

Aramex Acquires Saudi Company for $80 Million (AFP)
January 14th, 2019 - 09:15 GMT

Aramex Acquires Saudi Company for $80 Million

Jordan and Egypt on Sunday signed agreements under which the Kingdom will be provided with half of its needs of natural gas to generate electricity for 2019. (Shutterstock)
January 14th, 2019 - 08:59 GMT

Egypt to Supply Jordan With 50 Percent of Its Gas Demand

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