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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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Saudia plane. (File photo)
July 5th, 2017 - 11:00 GMT

Saudia Expects US Laptop Ban to Be Lifted by July 19

The project – called Emirates Towers Business Park – will offer office space and three hotels. (Gulf Business)
July 5th, 2017 - 10:00 GMT

Dubai Launches New $1.4 Billion Business District: Photos

Turkish airlines plane. (File photo)
July 5th, 2017 - 09:00 GMT

Turkey Says Electronics Ban on US Flights to Be Lifted on July 5

Moody's. (File photo)
July 5th, 2017 - 08:24 GMT

Moody's Changes Qatar's Rating Outlook From Stable to Negative

Passengers on flights from Dubai International Airport to the United States can carry their laptop, tablets, and other electronic devices onto the aircraft. (File photo)
July 5th, 2017 - 07:47 GMT

Emirates Says Laptop Ban on US Flights Lifted

Saudi Arabia began collecting fees from expats and their dependents on July 1, 2017. (File photo)
July 4th, 2017 - 12:33 GMT

Saudi Arabia: New Expat Tax to Generate $709 Million in 2017-2018

Egypt had been holding talks with Disney since March to lift the ban. (Pixabay)
July 4th, 2017 - 12:19 GMT

Disney Lifts Ban on Merchandise Produced in Egypt: Minister

An elderly refugee from northern Mali stands under the shade of a tree at the Mangaize refugee camp on June 2, 2012. (Issouf Sanogo/ AFP)
July 4th, 2017 - 12:11 GMT

Saudi Arabia's IDB Approves $1 Billion for Development Projects in Asia, Africa

Share prices scroll across a screen hanging in a Paris stock exchange. (Eric Piermont/ AFP)
July 4th, 2017 - 12:00 GMT

European Stocks Tumble on North Korea's Missile Test Announcement

The hike in fuel prices is sparking fears of a further increase to inflation and the cost of food in Egypt. (AFP/ File)
July 4th, 2017 - 11:56 GMT

Egypt: Sudden Hike in Fuel Prices Sparks Fears of Inflation, Increased Food Costs

North Korea claims to have conducted its first successful test of a long-range missile that it says can "reach anywhere in the world." (AFP)
July 4th, 2017 - 11:38 GMT

Gold Prices Bounce Back After North Korea Announces Missile Test

It's 'business as usual' in Qatar, according to Saad Sharida Al-Kaabi, CEO of Qatar Petroleum. (AFP/ File)
July 4th, 2017 - 11:09 GMT

Qatar to Boost Gas Production by 30 Percent, Defying Gulf Blockade

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