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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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Oil prices steadied near seven-month lows on Tuesday. (File photo)
June 20th, 2017 - 10:44 GMT

Opinion: 8 Reasons Why Oil Prices Could Fall Even Lower in Coming Weeks

With this acquisition, Engie becomes Tabreed's key shareholder, along with Mubadala. (AFP)
June 20th, 2017 - 10:14 GMT

France's Engie Acquires 40 Percent Stake in Tabreed From Mubadala

Viceroy hotel on Abu Dhabi's Yas island. (AFP)
June 20th, 2017 - 10:05 GMT

Abu Dhabi's Mubadala Eyes Remaining 50 Percent Share in Viceroy Group

CEO of Qatar Airways Akbar Al Baker speaks at Le Bourget airport, near Paris, on the opening day of the International Paris Air Show. (Eric Piermont/ AFP)
June 20th, 2017 - 09:49 GMT

Qatar Airways Commits to Route, Fleet Growth Despite Rift: CEO

The report has shown a particular increase in appetite for investments in technology-related sectors, such as IT, FinTech, and e-commerce. (File photo)
June 20th, 2017 - 07:00 GMT

UAE Leads Region in Private Equity Investments: Report

Saudi energy minister Khalid Al Falih. (Fayez Nureldine/ AFP)
June 19th, 2017 - 07:00 GMT

Saudi Arabia's Oil Minister Mulls Energy Price Reforms

Some 8,000 workers will be transferred to other companies. (AFP/ File)
June 19th, 2017 - 06:00 GMT

Saudi Oger's Employees to Be Transferred to Other Companies: Ministry of Labor

A drone. (File photo)
June 19th, 2017 - 12:48 GMT

Saudi Arabia Completes First Stage of Drone Factory in Riyadh

Saudi riyals. (File photo)
June 19th, 2017 - 12:38 GMT

Tough Monetary Conditions in GCC as US Fed Hikes Interest Rates

Kholoud Mousa. (SG)
June 19th, 2017 - 12:29 GMT

KPMG Saudi Arabia Appoints Kholoud Mousa as Partner in Jeddah

The report did not say who the navy suspected to be behind the attack. (File photo)
June 19th, 2017 - 12:20 GMT

Saudi Arabia Foils Terror Attack on Key Offshore Oilfield

Qatar Petroleum's CEO Saad Sherida Al Kaabi. (File photo)
June 19th, 2017 - 12:07 GMT

Qatar Will Not Cut Gas Supply to UAE: QP CEO

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