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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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Saudi men chat outside the Saudi Stock Exchange in Riyadh. (AFP/ File)
June 25th, 2017 - 05:25 GMT

What Is MSCI Emerging Market Index, and Why Is It Good for Saudi Arabia?

Egyptian president Abdel Fattah el-Sisi. (AFP/ File)
June 22nd, 2017 - 11:00 GMT

Opinion: Is Sisi Pushing Egypt off a Cliff?

Uber's CEO Travis Kalanick stepped down from his position on June 20, 2017. (Tobias Hase/ AFP)
June 22nd, 2017 - 10:59 GMT

Uber's CEO Quits: Is an IPO Now Possible?

All allowances, bonuses and financial benefits will be restored with retrospective effect. (File photo)
June 22nd, 2017 - 10:42 GMT

Saudi Arabia Restores Perks of State Employees

WhatsApp introduced the video and audio calling feature in April last year. (File photo)
June 22nd, 2017 - 10:33 GMT

WhatsApp Video, Audio Calls Now Available in UAE

Islamic finance is set to slow next year. (Adek Berry/ AFP)
June 21st, 2017 - 01:43 GMT

Islamic Finance Growth to Slow Down in 2018: Report

An Austrian soldier stands guard outside the OPEC headquarters in Vienna on November 29, 2016. (Joe Klamar/ AFP)
June 21st, 2017 - 01:22 GMT

Opinion: OPEC Made These 5 Mistakes Between 2014 and 2017

Healthcare providers in the GCC region are under fire. (Pixabay)
June 21st, 2017 - 12:56 GMT

85 Percent in GCC Call for Better Healthcare Services: Survey

A construction employee working atop a skyscraper in Dubai. (File photo)
June 21st, 2017 - 12:44 GMT

Arabtec Increases Share Capital to $1.6 Billion, From $1.2 Billion

3D printed ball. (File photo)
June 21st, 2017 - 12:11 GMT

Immensa Technology Labs Launches First 3D Printing Facility in UAE

Model of Turkey's Akkuyu nuclear plant. (Anadolu)
June 21st, 2017 - 11:58 GMT

Russia's Rosatom Plans to Sell 49 Percent Stake in Turkey's Nuclear Plant

Emaar Properties chairman Mohamed Alabbar speaking at a conference in Dubai. (File photo)
June 21st, 2017 - 11:13 GMT

Dubai’s Emaar Properties Appoints New Group CEO

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