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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 bank said it is committed to supporting only those companies with a greener agenda. (Eric Piermont/ AFP)
October 12th, 2017 - 12:38 GMT

Paris-Based BNP Paribas Says It Will No Longer Back Oil

Exemptions for Saudi firms investing in Abu Dhabi will be related to land, lease and rents. (File photo)
October 12th, 2017 - 11:31 GMT

Saudi Firms Investing in Abu Dhabi Will Get Special Exemptions, Says UAE Official

Saudi Aramco celebrated this week the opening of a new office in India. Here's why it's good news for oil markets. (File photo)
October 11th, 2017 - 07:00 GMT

Opinion: Why Saudi Aramco's New India Office Is Good News for Oil Prices

Russia has been backing Bashar al-Assad in the long-running civil war in Syria. (AFP/ File)
October 11th, 2017 - 06:00 GMT

Russia Eyes Direct Shipping Line to Syria, a Boost for Syrian Regime

Russia said on Tuesday it would block access to websites of exchanges that offer cryptocurrency such as Bitcoin. (File photo)
October 11th, 2017 - 05:00 GMT

Bitcoin Soars Again, Despite Russia's Plan to Block Bitcoin

From 2000 to 2015, India's imports from OPEC nations increased from $2 billion to nearly $140 billion. (AFP/ File)
October 11th, 2017 - 10:52 GMT

Could India Be World’s Next Big Driver of Oil Consumption?

Morocco's FDI reached $1.92 billion in January-August 2017, against $1.47 billion a year earlier. (File photo)
October 11th, 2017 - 10:21 GMT

Morocco's FDI up 30 Percent in 2017, to $1.92 billion

Uber's new centre will provide more than 700 direct jobs to Egyptians. (AFP/ File)
October 11th, 2017 - 10:09 GMT

Uber Turns to Middle East for Growth, Launches $20 Million Egypt Center

There is genuine concern by GCC governments to develop renewable energy. Here's what each country is doing to reduce its dependence on oil. (File photo)
October 11th, 2017 - 09:37 GMT

How Saudi Arabia, Kuwait, UAE and Bahrain Are Moving Towards a Greener Economy

Through this deal, Rosneft has become a partner in the development of the largest gas field in the Mediterranean Sea. (AFP/ File)
October 11th, 2017 - 09:22 GMT

Russian Oil Company Rosneft Buys 30 Percent Stake in Egypt's Zohr Gas Field

Saudi Aramco this week launched a subsidiary in India. But what is Saudi Aramco exactly looking for in India? (AFP/ File)
October 11th, 2017 - 08:54 GMT

Why Did Saudi Aramco Launch a Subsidiary in India?

On Sunday, the U.S. Embassy in Turkey suspended its non-immigrant visa service. Turkey retaliated by suspending non-immigrant visa services at all Turkish diplomatic facilities in the U.S. (AFP/ File)
October 10th, 2017 - 11:04 GMT

US-Turkey Conflict Risks Damaging Trade, Economic Relations: Businessmen

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