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A report published by The Wall Street Journal revealed that Eric Trump and Donald Trump Jr. support Powerus, a new drone manufacturing company that aims to capitalize on the increasing demand from the U.S. Department of Defense and fill the gap left by the administration's decision to ban new Chinese drones in the United States.
📍Merger Leading to Nasdaq Listing
Powerus, founded last year, plans to merge with a publicly listed company that owns assets in golf courses and is backed by the Trump family, which could lead to its listing on the Nasdaq stock exchange in the coming months.
📍Targeting Defense Contracts
Trump's sons are attempting to sell drones to the U.S. Department of Defense (Pentagon), aiming to fill the void created by the Chinese drone ban, with plans to produce over 10,000 drones per month to meet the increasing demand from the Pentagon.
📍Investments Related to the Deal
Several entities connected to Trump are involved in the deal, including American Ventures, the investment bank Dominari Securities, and Unusual Machines, a drone parts manufacturing company owned by Donald Trump Jr. and where he serves on the advisory board...
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