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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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Al Arabiya viewers will now have access to ArabiaWeather’s personalized weather coverage. (YouTube)
July 17th, 2017 - 11:04 GMT

Al Arabiya, ArabiaWeather Strike Weather Data Deal

Together the two will fly to 240 destinations by 2022. (AFP)
July 17th, 2017 - 08:18 GMT

Emirates, Flydubai Announce Closer Ties, But It's Not a Merger

The low oil price environment continues to exert pressure on government revenues. (AFP/ File)
July 16th, 2017 - 01:22 GMT

Weak Oil Prices Affect Money Supply, Performance of Banks in GCC: Report

In order to benefit from the initiative, couples should have been married for at least a year. (File photo)
July 16th, 2017 - 12:56 GMT

UAE Announces 'Free Fertility Treatment' for Emirati Couples

Houses in a residential area of south London. (Getty Images)
July 16th, 2017 - 12:37 GMT

Are Wealthy Arab Buyers Distorting UK's Property Market?

Saudi Arabia will begin enforcing the wage protection system starting from August 1. (AFP/ File)
July 16th, 2017 - 11:56 GMT

No More Unpaid Workers: Saudi Arabia Launches New Wage Protection System

A charred airplane lies on the ground at Tripoli international airport in the Libyan capital on July 14, 2014, following fighting between rival armed groups. (Mahmud Turkia/ AFP)
July 16th, 2017 - 11:43 GMT

Libya's Benghazi Airport Re-Opens After Three-Year Closure

Qatar Airways chief Akbar Al-Baker ridiculed his US competitors at a gala in Dublin last week calling their flight attendants 'grandmothers' and their services 'crap'. (AFP/ File)
July 16th, 2017 - 10:42 GMT

Qatar Airways Chief Calls American Air Staff 'Grandmothers', and Then Apologizes

Prince Khaled Al-Faisal, emir of Mecca, inaugurates the 10th edition of the annual Souk Okaz festival at Al-Arfa Historic Souk area in Taif. (Photo Courtesy of SPA)
July 16th, 2017 - 09:27 GMT

Saudi Arabia Announces New Tourism and Heritage Projects Worth Billions of Dollars

Growth is projected to recover over the next few years. (File photo)
July 16th, 2017 - 08:19 GMT

UAE's Economy to Bounce Back in 2018 as Oil Prices Stabilize, Says IMF

A rebel fighter stands at a roundabout in the center of town in Ajdabiya, Libya on March 15, 2011. (Roberto Schmidt/ AFP)
July 13th, 2017 - 07:00 GMT

What OPEC Can Do About Added Oil Production From Libya, Nigeria

Saudi Aramco is preparing for what could be the world’s largest initial public offering (IPO). (AFP/ File)
July 13th, 2017 - 02:16 GMT

London Tries to Lure Saudi Aramco's IPO With New Listing Rules

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