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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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Traders monitor screens displaying stock information at Qatar Stock Exchange in Doha on June 5, 2017. (Reuters)
July 3rd, 2017 - 09:10 GMT

Qatar Exchange Drops 4 Percent as Gulf Deadline Looms

No more laptop ban on large electronic devices from Abu Dhabi to US airports. (AFP/ File)
July 3rd, 2017 - 08:48 GMT

US Drops Laptop Ban on Etihad Flights from Abu Dhabi

Madinat Jumeirah in Dubai. (Photo Courtesy of Jumeirah)
July 2nd, 2017 - 12:28 GMT

Dubai's Jumeirah Group Appoints Interim CEO as Chief Steps Down

Foreign laborers work at a construction site in Riyadh on October 30, 2013. (Fayez Nurelddine/ AFP)
July 2nd, 2017 - 11:51 GMT

Invest in Saudi Arabia: Real Estate Prices Drop in Mecca and Riyadh

The Goods and Services Tax (GST) will launch in India on July 1. (AFP)
July 2nd, 2017 - 11:12 GMT

Meet the Man Responsible for India's GST Implementation

Egypt has announced up to 55 percent increase in fuel prices effective June 29, 2017. (AFP/ File)
June 29th, 2017 - 09:48 GMT

Egypt Cuts Fuel Subsidies, Raises Prices by up to 55 Percent

Previous CEO Alaa Batayneh (R) during a signing ceremony with Jordan Ahli Bank on August 7, 2016. (Courtesy of Eagle Hills)
June 29th, 2017 - 09:11 GMT

Douglas Small Succeeds Alaa Batayneh as CEO of Eagle Hills Jordan

Divisions over proposed taxes to finance public sector's salary hikes in Lebanon might delay or even scuttle the motion. (AFP/ File)
June 29th, 2017 - 07:09 GMT

Lebanon: Divisions Over Taxes Delaying Salary Hikes for Public Sector

Qatar’s currency is under pressure. (Reuters)
June 29th, 2017 - 06:35 GMT

Global Banks, Exchanges Refusing Qatari Riyals Amid Crisis

The workers from Bangladesh, India, Pakistan and Nepal have been left without accommodation and money. (AFP/ File)
June 29th, 2017 - 12:17 GMT

Saudi Arabia: Migrant Workers Stranded as Qatari Bosses Are Forced to Leave

More than 230,000 residents have been displaced and at least 390 people, mostly militants, have been killed in Marawi since May 23, 2017. (AFP)
June 29th, 2017 - 12:01 GMT

Philippines Receives $7.3 Million in Arms From China for Fight in Marawi

Many cybersecurity companies saw their stocks rally in the wake of the “Petya” ransomware attack. (File photo)
June 29th, 2017 - 11:47 GMT

Massive Ransomware Attack Boosts Cybersecurity Stocks

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