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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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Turkish energy minister Berat Albayrak (R) and his Russian counterpart shake hands after signing an agreement in Istanbul on October 10, 2016. (Ozan Kose/ AFP)
July 13th, 2017 - 12:59 GMT

Turkish Energy Minister to Visit Israel to Complete Gas Pipeline Deal

Man counting Saudi riyals. (AFP/ File)
July 13th, 2017 - 12:02 GMT

Saudi Arabia's GDP, Consumer Spending Drop Amid Weak Oil Prices

More than 3 million people worldwide visit Tesla retail stores every year. (AFP/ File)
July 13th, 2017 - 07:48 GMT

Tesla Launches First Store, Service Centre in Middle East

Sudanese President Omar al-Bashir. (AFP)
July 12th, 2017 - 02:33 GMT

Trump Delays Decision on Sudan Sanctions Until October

Turkey's flag carrier currently has 337 aircraft and flies to more than 302 destinations. (File photo)
July 12th, 2017 - 02:23 GMT

Turkish Airlines Hits 30.3 Million Passengers, Its Highest Ever

The launch comes amid the worst crisis to hit Qatar in years. (AFP/ File)
July 12th, 2017 - 02:11 GMT

Qatar Petroleum, Total Launch New Venture for Giant Oil Field

Farzaneh Sharafbafi, the new CEO of Iran Air. (Twitter)
July 12th, 2017 - 01:52 GMT

Meet Farzaneh Sharafbafi, Iran Air's First Female CEO

A protester throws a bottle at riot police in Hamburg last week. (Ronny Hartmann/ AFP)
July 12th, 2017 - 11:30 GMT

G20 Aftermath: Hamburg Shop Owners Ask for $20 Million in Riot Damages

HSBC earned the most investment banking fees in the Middle East during the first six months of 2017, a total of $29.2 million. (AFP/ File)
July 12th, 2017 - 11:04 GMT

Middle East's Investment Banking Fees Down 15 Percent in 2017: Thomson Reuters

The company has been accused of being too closely connected to Russian intelligence agencies responsible for cyber attacks on the US. (Kirill Kudryavtsev / AFP)
July 12th, 2017 - 10:36 GMT

US Government Bans Kaspersky Products Over Cyberspying Accusations

Qatar's support for Gaza and groups like the Hamas is at the centre of the diplomatic crisis. (AFP/ File)
July 12th, 2017 - 10:05 GMT

Qatar to Build New Housing Units in Gaza, Despite Gulf Crisis

Domestic workers can now transfer from their current employer if their salary is delayed for 3 months or more. (File photo)
July 12th, 2017 - 09:52 GMT

Saudi Arabia Approves 13 Cases Where Domestic Workers Can Transfer Sponsorship

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