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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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People in the UAE work 5.5 days per week on average compared to 5.7 days in India. (Shutterstock)
January 11th, 2019 - 06:30 GMT

Survey: 32 Percent of UAE Residents Anxious About Retirement

The apps were produced by an Israeli software company. (Shutterstock)
January 11th, 2019 - 06:00 GMT

Lebanon Warns Citizens From Using Apps Developed by Israel

High interest rates will cause economic contraction at a time when the economy is already witnessing slow growth. (Shutterstock)
January 11th, 2019 - 05:30 GMT

Banks Profitability Affected by High Interest Rates in Lebanon

The planned summit also comes as some Arab countries are warming up to Syria, whose membership in the Arab League has been suspended since 2011 after the outbreak of the civil war. (Shutterstock)
January 10th, 2019 - 11:39 GMT

Fate of Arab Economic Summit Uncertain Due to Absence of Lebanese Government

UAE's real GDP to grow 3.1 per cent in 2019 compared to 2.9 per cent estimated for 2018. (Shutterstock)
January 10th, 2019 - 11:25 GMT

UAE's Economy Fastest Growing Amongst GCC in 2019

More than 63,000 homes are estimated to be delivered in Dubai in 2019. (Shutterstock)
January 10th, 2019 - 11:13 GMT

2019 Means Cheaper House Rents in Dubai

KSRelief provides health services to all Yemeni people in coordination with the Yemeni Higher Relief Committee. (Shutterstock)
January 10th, 2019 - 10:57 GMT

Saudi Arabia Sings Six Agreements to Boost Humanitarian Aid to Yemen

The initiative is taking into account the practical operational aspects facing private sector enterprises. (Shutterstock)
January 10th, 2019 - 10:14 GMT

Saudi Work Visas Gets Extension to Two Years

Saudi Arabia is the world's top oil exporter. (Shutterstock)
January 10th, 2019 - 09:01 GMT

Saudi's Oil and Gas Reserves Are Bigger Than Previously Reported

It is the only free trade zone in Kuwait although the country is located along a long coast with a unique geographical location. (Shutterstock)
January 10th, 2019 - 08:49 GMT

Kuwait Closes Its Only Free Zone, Serving Its Economy a Massive Blow

The new loan will be directed to small and medium enterprises, expecting that the bank would sign the deal by the end of the first half of 2019. (Shutterstock)
January 10th, 2019 - 08:35 GMT

Kuwait to Loan Egypt $30 Million to Support SMEs

The World Bank expects Turkey to post 1.6 percent growth in 2019, 3.0 percent in 2020 and 4.2 percent in 2021. (Shutterstock)
January 10th, 2019 - 08:23 GMT

World Bank: Turkey to Bypass Recession

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