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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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Istanbul gets ready to put on a show for shoppers and non-shoppers alike. (Photo by jhencolors/ Flickr)
August 31st, 2017 - 12:01 GMT

Retailers Rejoice as GCC Visitors Flock to Istanbul for Eid Al-Adha Shopping

Chinese President Xi Jinping (R) welcomes visiting Saudi King Salman in Beijing on March 16, 2017. (AFP)
August 31st, 2017 - 11:41 GMT

China's ICBC in Talks With GCC Governments, Firms on Yuan Bonds

Damage is seen in the aftermath of Hurricane Harvey in Katy, Texas, on August 26, 2017. (AFP)
August 31st, 2017 - 11:22 GMT

Hurricane Harvey Shuts Down Largest US Oil Refinery, Owned by Saudi Arabia

The deal would create the second largest listed real estate developer in Abu Dhabi. (File photo)
August 31st, 2017 - 11:04 GMT

Abu Dhabi's Eshraq, Reem Investments in Merger Talks

A total of AED151 billion ($41 billion) was invested by foreigners in Dubai property market between January 2016 and June 2017. (File photo)
August 29th, 2017 - 01:12 GMT

Foreigners Invest $41 Billion in Dubai Property in 18 Months: Report

Many citizens have expressed their dismay at the high prices which tend to increase around this time of the year. (AFP/ File)
August 29th, 2017 - 12:08 GMT

Sheep Prices in Saudi Arabia Jump Ahead of Eid Al-Adha; Buyers Angry

Oman has announced a halt in permits given to non-Omani labor in certain sectors. (Shutterstock)
August 29th, 2017 - 11:50 GMT

Oman Announces Six-Month Ban on Expat Workers in Some Sectors

S&P affirmed this week its 'AA-/A-1+' long- and short-term foreign and local currency sovereign ratings on Qatar. (Shutterstock)
August 29th, 2017 - 11:28 GMT

Qatar’s Outlook Negative as Long as Blockade Remains: S&P

A combined fare on the Stockholm-Dubai route under the carrier will cost as little as $270, according to its website. (Shutterstock)
August 29th, 2017 - 11:12 GMT

In Blow to Emirates, Low-Cost Norwegian Air Plans Direct Stockholm-Dubai Flights

The expansion into Saudi Arabia is part of the franchise agreement between Majid Al Futtaim Fashion and Abercrombie & Fitch Co. announced in 2016. (Shutterstock)
August 29th, 2017 - 10:56 GMT

Abercrombie & Fitch to Open First Store in Saudi Arabia

A view of Lebanon's capital, Beirut. (AFP/ File)
August 28th, 2017 - 02:15 GMT

Lebanon's Government Debt to Reach 140 Percent of GDP in 2018: Moody's

Egypt witnessed a large flow of investment from international oil companies in the wake of the June 30 revolution. (Reuters)
August 28th, 2017 - 01:56 GMT

Egypt Signs Three New Oil Exploration Deals in Western Desert

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