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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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Financial data. (File photo)
June 19th, 2017 - 11:32 GMT

Opinion: Fintech Revolution in GCC, Friend or Foe?

Muscat. (File photo)
June 19th, 2017 - 11:21 GMT

Oman Best Country in Arab World for Starting a Business: Report

Tourism remains a vital pillar of the Moroccan economy. (Pixabay)
June 19th, 2017 - 11:09 GMT

Morocco Tourist Numbers Hit Record Levels in 2016

Jordan's Prime Minister Hani Mulki. (AFP/ File)
June 19th, 2017 - 10:52 GMT

Jordan: Prime Minister Reshuffles Government, Again

Founder and CEO of Amazon Jeff Bezos. (AFP/ File)
June 19th, 2017 - 10:37 GMT

Amazon's Jeff Bezos $5 Billion Away From Becoming World's Richest Man

Qatar has the third-largest proven gas reserves in the world. (File photo)
June 19th, 2017 - 10:31 GMT

S&P Downgrades Qatar Petroleum’s Rating to AA-, From AA

Japan eases visa procedures for UAE citizens. (Pixabay)
June 19th, 2017 - 10:22 GMT

Japan Offers Visa-Free Entry to UAE Citizens

Total last November signed a deal worth $4.8 billion with China’s CNPC and Iran’s Petropars. (Denis Charlet/ AFP)
June 18th, 2017 - 03:39 GMT

Iran Sees 'Strategic Gains' in Deal With France's Total

A statue of Ramses II. (Pixabay)
June 18th, 2017 - 03:30 GMT

Rise of the Pharaoh: Egypt's GDP Grows 25 Percent, Tourism Up 80 Percent

King Salman. (AFP/ File)
June 18th, 2017 - 03:16 GMT

Saudi Arabia: Revamped Prosecution Office Now Directly Under King

Almarai is considered the largest dairy company in the Gulf region. (File photo)
June 18th, 2017 - 03:12 GMT

Saudi Arabia's Almarai Wins Shareholders' Approval for Capital Increase

The bridge is expected to cost $4 billion to $5 billion and will be parallel to the current King Fahd Causeway. (YouTube)
June 18th, 2017 - 03:07 GMT

Bahrain, Saudi Arabia Announce Plans for Second Bridge

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