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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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Al Bawaba
October 2nd, 2014 - 02:30 GMT

Crime fight just got smarter: Dubai Police to put on Google Glass while driving their $400,000 Lamborghinis

Qatari Diar, the real estate arm of Qatar's sovereign wealth fund, stepped in with financial aid last year, agreeing to buy some of Barwa's assets for $7.1 billion.
October 2nd, 2014 - 01:57 GMT

Qatari developer to sell $697 million worth of land to the government

With oil prices continuing to slide, the pressure is building on the Organization of the Petroleum Exporting Countries (Opec) to reduce output at its meeting next month.
October 2nd, 2014 - 01:43 GMT

Saudi Arabia fights for market share: oil prices hit new 27-month low

Al Bawaba
October 2nd, 2014 - 12:46 GMT

Time is money: deal reached on Dubai World debt restructuring

Storing gas also gets momentum when other factors come to the fore: Economic support, safe margins in meeting country’s domestic gas needs, the half-depletion of oil reserves, etc.
October 2nd, 2014 - 03:55 GMT

Iran boasts the Middle East's top gas storage facility

Currently under way is the multibillion dollar expansion of the airport to increase the overall capacity to over 40 million passengers per year
October 1st, 2014 - 08:46 GMT

Best summer ever? Abu Dhabi passenger traffic rises close to 24%

Al Bawaba
October 1st, 2014 - 07:46 GMT

US embassy announces Diversity Visa Lottery

Al Bawaba
October 1st, 2014 - 11:52 GMT

Things are about to change, forever: US projected to overtake Saudi oil production

Al Bawaba
October 1st, 2014 - 03:55 GMT

No pun intended: Virgin comes to Saudi Arabia just in time for Hajj

On Sunday, Erdogan again slammed the credit agencies, saying they were making "foolish statements".
September 30th, 2014 - 09:44 GMT

Fitch urged to change its mind about Turkey

Strong economic data could prompt the US central bank to raise interest rates faster and sooner than expected, which could boost the dollar and hurt non-interest-bearing bullion.
September 30th, 2014 - 04:58 GMT

US Dollar hits four year peak, drags gold down

The vehicle models recalled include the Land Cruiser (79,972) followed by Camry (43,207), Lexus LX 570 (9,589), Avalon (7,382) and Sequoia (857).
September 30th, 2014 - 12:51 GMT

Over 141,000 Toyota and Lexus cars recalled over dangers of sudden acceleration

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