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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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Protesters wave Tunisian flags during a demonstration against terrorism in Paris on June 27, 2015, a day after a deadly attack on a Tunisian beach resort. (Loic Venance/ AFP)
June 29th, 2017 - 11:09 GMT

Tunisia 'Unable to Repay External Debt': Central Bank

According to government officials, the rule was implemented to stop expatriates switching jobs and joining competing firms.
June 29th, 2017 - 10:44 GMT

Work Ban in Oman: 60 Percent of Poll Respondents Say Yes to NOC

All Géant stores across the Middle East will be rebranded under the Carrefour name. (AFP)
June 29th, 2017 - 10:13 GMT

Majid Al Futtaim Expands Carrefour in Middle East With Géant Acquisition

The new cyber attack is very similar to the ransomware that infected more than 300,000 computers last month. (File photo)
June 28th, 2017 - 12:54 GMT

New Ransomware Attack Hits Companies, Economic Institutions Across the World

Skype has been blocked (again) by both internet service providers in the UAE. (File photo)
June 28th, 2017 - 12:38 GMT

UAE Blocks Skype Voice and Video Calls, Again

Hamad International Airport may lose about 27,000 passengers on a daily basis in July if the Gulf rift persists, according to analysts. (Karim Jaafar/ AFP)
June 28th, 2017 - 11:55 GMT

Qatar Hotel Occupancy Falls 57 Percent on First Day of Eid Al-Fitr

Iran's Foreign Minister Mohammad Javad Zarif (R) and his German counterpart, Frank-Walter Steinmeier, during a meeting on February 2, 2016, in Tehran. (Atta Kenare/ AFP)
June 28th, 2017 - 11:27 GMT

Germany Wants Better Banking Cooperation With Iran: Minister

The Boeing 737 MAX 9. (Courtesy of Boeing)
June 28th, 2017 - 11:11 GMT

Boeing Inks Deals Worth $74.8 Billion at Paris Air Show 2017

Qatar reduces the price of petrol and diesel in July. (File photo)
June 28th, 2017 - 10:56 GMT

Qatar Cuts Petrol Prices, Despite Crisis

Emirati traders follow the stock market activity at the Dubai Financial Market. (Karim Sahib/ AFP)
June 28th, 2017 - 10:41 GMT

Arabtec Share Price Falls 9 Percent After Recapitalization

Qatar Airways. (File photo)
June 28th, 2017 - 09:37 GMT

Qatar Airways Seeks 10 Percent Stake in American Airlines

IoT already connects more than 10 billion devices worldwide. (File photo)
June 25th, 2017 - 06:09 GMT

IoT Will Generate $4 to $11 Trillion By 2025: Report

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