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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 statement comes after Bitcoin hit a record high of $6,148 on Saturday. (File photo)
October 24th, 2017 - 10:54 GMT

No Bitcoin in UAE, Warns Central Bank

Abu Dhabi is contemplating a new visa scheme exclusively for entrepreneurs and startups. (File photo)
October 24th, 2017 - 10:36 GMT

Abu Dhabi Mulls New Visa for Start-Ups, Entrepreneurs

The validity of employment visas issued by the Saudi Ministry of Labor for the private sector has been reduced from two years to one year. (AFP/ File)
October 24th, 2017 - 10:14 GMT

Saudi Arabia Reduces Work Visa Validity for Private Sector to One Year

Dozens of the biggest names in global business are making the trip to Riyadh today, including IMF chief Christine Lagarde. (Cristobal Bouroncle/ AFP)
October 24th, 2017 - 09:53 GMT

Major Investment Conference Kicks off in Saudi Arabia

The UAE is now among 20 countries worldwide that offer the innovative service. (AFP/ File)
October 24th, 2017 - 07:56 GMT

Apple Pay Launches in UAE and Three Other Countries

In this opinion piece, Vitaliy Katsenelson explains why some under-performing companies, like Coca-Cola, still have good stocks, while the opposite is not always true. (File photo)
October 23rd, 2017 - 02:17 GMT

Opinion: Why Good Companies Don't Always Make Good Stocks

The two sides reached an agreement on opening border crossings and developing ports, roads and border areas. (AFP)
October 23rd, 2017 - 11:40 GMT

Saudi-Iraqi Joint Council Stresses Oil, Trade and Private Sector Partnerships

Hiring mothers of Saudi men and women and children of Saudi women is now part of the country's Saudization plans. (AFP)
October 23rd, 2017 - 11:06 GMT

Children of Saudi Women, Foreign Mothers of Saudis to Have Saudi Jobs

Trading of DFM General Index futures is expected to begin later this year. (AFP)
October 23rd, 2017 - 10:31 GMT

Dubai Financial Market Signs Deal to Trade Futures on Nasdaq Dubai

Dubai-based Emaar Properties today confirmed plans to sell a 20 percent stake in its real estate development business. (File photo)
October 22nd, 2017 - 05:00 GMT

UAE, the Middle East’s IPO Haven?

Qatar has announced a new draft law that seeks to protect and boost local production. (File photo)
October 22nd, 2017 - 01:36 GMT

Qatar Announces New Draft Law to Boost National Products

The city’s port is planned to have a capacity to handle two million containers by 2025, instead of 875,000 currently. (AFP/ File)
October 22nd, 2017 - 01:16 GMT

Jordan: $10 Billion Worth of Investments in Aqaba by 2025

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