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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 hotels will be opening in the UAE in 2018 than in any other country in the Middle East. (Ramada Hotel Ajman/ File photo)
September 21st, 2017 - 11:32 GMT

83 New Hotels to Open in UAE in 2018: Report

The new regulations will be applicable from June next year on all Islamic banks in Bahrain. (Shutterstock)
September 21st, 2017 - 10:42 GMT

Bahrain Issues New Regulations for Islamic Banks

Alshaya will also become a seller on Noon’s online marketplace. (Twitter)
September 21st, 2017 - 09:50 GMT

Alshaya Buys Stake in Alabbar's Noon

The new company will focus on creating over 20,000 jobs in the sector. (AFP)
September 21st, 2017 - 09:26 GMT

Saudi Arabia Launches $2.6 Billion Entertainment Company

King Salman has ordered the payment of $15 million aid for the Rohingya Muslims in Myanmar. (AFP/ File)
September 20th, 2017 - 09:38 GMT

Saudi Arabia Pledges $15 Million to Aid Rohingya Muslims in Myanmar

The US stance toward the Middle East is negatively impacting business and regional growth, according to experts. (AFP/ File)
September 19th, 2017 - 05:00 GMT

Opinion: US Stance Towards Middle East Negatively Affecting Economy and Growth

Read this interview with the Indian ambassador to Egypt, Sanjay Bhattacharyya. (Courtesy of the Embassy of India)
September 19th, 2017 - 01:51 GMT

Six Indian Companies Will Be Investing in Egypt Soon: Interview With Indian Ambassador

The project will cost $57 million and is expected to improve the health sector in Jordan. (Courtesy of JU)
September 19th, 2017 - 01:37 GMT

Saudi Development Fund to Build $57 Million Hospital in Jordan: Minister

The profitability of Gulf Islamic banks will deteriorate this year and in 2018 with several factors coming into play. (File photo)
September 19th, 2017 - 01:28 GMT

Profitability of Gulf Islamic Banks to Fall in 2017: Report

The funding round has boosted the company’s valuation to $5.1 billion. (Photo courtesy of Slack)
September 19th, 2017 - 11:24 GMT

Slack Gets $250 Million Funding From Saudi-Backed Softbank Group

The new rail project links the Red Sea port of Jeddah with Riyadh and the Arabian Gulf. (Shutterstock)
September 19th, 2017 - 11:10 GMT

Saudi Arabia to Issue Tenders for Massive Railway in Early 2018

The forum will focus on the fourth industrial revolution as its central topic. (Photo courtesy of WAM)
September 19th, 2017 - 10:49 GMT

Sharjah FDI Forum 2017 Kicks off Today

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