{"id":15,"date":"2026-03-10T09:42:44","date_gmt":"2026-03-10T09:42:44","guid":{"rendered":"https:\/\/www.mddir.com\/news\/?p=15"},"modified":"2026-03-10T09:42:45","modified_gmt":"2026-03-10T09:42:45","slug":"trump-sons-back-drone-maker-in-nasdaq-bound-merger","status":"publish","type":"post","link":"https:\/\/www.mddir.com\/news\/trump-sons-back-drone-maker-in-nasdaq-bound-merger\/","title":{"rendered":"Trump Sons Back Drone Maker in Nasdaq-Bound Merger"},"content":{"rendered":"\n<p><strong>Donald Trump Jr.<\/strong> and <strong>Eric Trump<\/strong> are expanding their presence in the defense sector by investing in <strong>Powerus<\/strong>, a Florida-based drone startup. The company announced on Monday its plans to go public through a merger with <strong>Aureus Greenway Holdings Inc.<\/strong> (Nasdaq: AGH), a move that sent shares of the golf course operator surging as much as <strong>24%<\/strong>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">The Deal Structure<\/h3>\n\n\n\n<p>The transaction marks a pivot for Aureus Greenway, shifting from leisure assets to high-tech defense.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Public Listing:<\/strong> The combined entity is expected to list on the Nasdaq under the ticker <strong>PUSA<\/strong> by summer 2026.<\/li>\n\n\n\n<li><strong>Funding Injection:<\/strong> The deal is supported by a <strong>$50 million<\/strong> investment from the Korea Climate &amp; Governance Improvement Fund.<\/li>\n\n\n\n<li><strong>Trump Family Ties:<\/strong> Both brothers are investors in the venture. Additionally, <strong>Unusual Machines<\/strong>\u2014a drone components firm where Donald Trump Jr. serves as a shareholder and advisor\u2014is participating in the deal.<\/li>\n\n\n\n<li><strong>Advisory:<\/strong> The transaction was facilitated by <strong>Dominari Holdings<\/strong>, a boutique investment bank in which the Trump sons hold minority stakes.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Strategic Context: The &#8220;American Drone Dominance&#8221; Era<\/h3>\n\n\n\n<p>The investment comes at a critical time for U.S. defense policy under the current administration.<\/p>\n\n\n\n<ol start=\"1\" class=\"wp-block-list\">\n<li><strong>Filling the Gap:<\/strong> The administration has recently banned new Chinese-made drones, leaving a massive opening in the market for domestic manufacturers to supply both the Pentagon and commercial sectors.<\/li>\n\n\n\n<li><strong>Pentagon Demand:<\/strong> Powerus aims to produce over <strong>10,000 drones per month<\/strong>, targeting the Department of Defense&#8217;s &#8220;Drone Dominance Program,&#8221; which seeks low-cost, high-scale autonomous systems.<\/li>\n\n\n\n<li><strong>Advanced Tech:<\/strong> Co-founder and Special Ops veteran <strong>Brett Velicovich<\/strong> stated the company is in talks to license or acquire <strong>Ukrainian drone technology<\/strong>, which has been battle-tested in high-risk environments.<\/li>\n<\/ol>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;America had been losing the drone race to countries like China. That era is over. We&#8217;re entering the era of American drone dominance.&#8221; \u2014 <strong>Brett Velicovich, Co-founder of Powerus<\/strong><\/p>\n<\/blockquote>\n\n\n\n<h3 class=\"wp-block-heading\">Conflicts of Interest Concerns<\/h3>\n\n\n\n<p>The deal has reignited debates among ethics experts regarding the intersection of the First Family&#8217;s private business and government policy. Critics point out that the company is vying for lucrative <strong>Pentagon contracts<\/strong> at a time when the administration is actively prioritizing drone procurement. This follows a similar $1.5 billion deal Eric Trump backed last month to take Israeli drone maker <strong>Xtend<\/strong> public.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Donald Trump Jr. and Eric Trump are expanding their presence in the defense sector by investing in Powerus, a Florida-based drone startup. The company announced on Monday its plans to go public through a merger with Aureus Greenway Holdings Inc. (Nasdaq: AGH), a move that sent shares of the golf course operator surging as much [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-15","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Trump Sons Back Drone Maker in Nasdaq-Bound Merger - News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.mddir.com\/news\/trump-sons-back-drone-maker-in-nasdaq-bound-merger\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trump Sons Back Drone Maker in Nasdaq-Bound Merger - News\" \/>\n<meta property=\"og:description\" content=\"Donald Trump Jr. and Eric Trump are expanding their presence in the defense sector by investing in Powerus, a Florida-based drone startup. 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The company announced on Monday its plans to go public through a merger with Aureus Greenway Holdings Inc. (Nasdaq: AGH), a move that sent shares of the golf course operator surging as much [&hellip;]","og_url":"https:\/\/www.mddir.com\/news\/trump-sons-back-drone-maker-in-nasdaq-bound-merger\/","og_site_name":"News","article_published_time":"2026-03-10T09:42:44+00:00","article_modified_time":"2026-03-10T09:42:45+00:00","author":"Prashant Gorule","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Prashant Gorule","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.mddir.com\/news\/trump-sons-back-drone-maker-in-nasdaq-bound-merger\/#article","isPartOf":{"@id":"https:\/\/www.mddir.com\/news\/trump-sons-back-drone-maker-in-nasdaq-bound-merger\/"},"author":{"name":"Prashant Gorule","@id":"https:\/\/www.mddir.com\/news\/#\/schema\/person\/4d6a73ba57bf7b6d35fc9b5d7ef740b5"},"headline":"Trump Sons Back Drone Maker in Nasdaq-Bound Merger","datePublished":"2026-03-10T09:42:44+00:00","dateModified":"2026-03-10T09:42:45+00:00","mainEntityOfPage":{"@id":"https:\/\/www.mddir.com\/news\/trump-sons-back-drone-maker-in-nasdaq-bound-merger\/"},"wordCount":371,"commentCount":0,"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.mddir.com\/news\/trump-sons-back-drone-maker-in-nasdaq-bound-merger\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.mddir.com\/news\/trump-sons-back-drone-maker-in-nasdaq-bound-merger\/","url":"https:\/\/www.mddir.com\/news\/trump-sons-back-drone-maker-in-nasdaq-bound-merger\/","name":"Trump Sons Back Drone Maker in Nasdaq-Bound Merger - News","isPartOf":{"@id":"https:\/\/www.mddir.com\/news\/#website"},"datePublished":"2026-03-10T09:42:44+00:00","dateModified":"2026-03-10T09:42:45+00:00","author":{"@id":"https:\/\/www.mddir.com\/news\/#\/schema\/person\/4d6a73ba57bf7b6d35fc9b5d7ef740b5"},"breadcrumb":{"@id":"https:\/\/www.mddir.com\/news\/trump-sons-back-drone-maker-in-nasdaq-bound-merger\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.mddir.com\/news\/trump-sons-back-drone-maker-in-nasdaq-bound-merger\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.mddir.com\/news\/trump-sons-back-drone-maker-in-nasdaq-bound-merger\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.mddir.com\/news\/"},{"@type":"ListItem","position":2,"name":"Trump Sons Back Drone Maker in Nasdaq-Bound Merger"}]},{"@type":"WebSite","@id":"https:\/\/www.mddir.com\/news\/#website","url":"https:\/\/www.mddir.com\/news\/","name":"News","description":"Latest News, Stories, Company Updates","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.mddir.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.mddir.com\/news\/#\/schema\/person\/4d6a73ba57bf7b6d35fc9b5d7ef740b5","name":"Prashant Gorule","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/ecc2b56201aed9831cbd6989795eb110092da449c85380203722ad2008c5b7fb?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/ecc2b56201aed9831cbd6989795eb110092da449c85380203722ad2008c5b7fb?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/ecc2b56201aed9831cbd6989795eb110092da449c85380203722ad2008c5b7fb?s=96&d=mm&r=g","caption":"Prashant Gorule"},"sameAs":["https:\/\/mddir.com\/news"],"url":"https:\/\/www.mddir.com\/news\/author\/admin\/"}]}},"jetpack_featured_media_url":"","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.mddir.com\/news\/wp-json\/wp\/v2\/posts\/15","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.mddir.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.mddir.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.mddir.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.mddir.com\/news\/wp-json\/wp\/v2\/comments?post=15"}],"version-history":[{"count":1,"href":"https:\/\/www.mddir.com\/news\/wp-json\/wp\/v2\/posts\/15\/revisions"}],"predecessor-version":[{"id":16,"href":"https:\/\/www.mddir.com\/news\/wp-json\/wp\/v2\/posts\/15\/revisions\/16"}],"wp:attachment":[{"href":"https:\/\/www.mddir.com\/news\/wp-json\/wp\/v2\/media?parent=15"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mddir.com\/news\/wp-json\/wp\/v2\/categories?post=15"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mddir.com\/news\/wp-json\/wp\/v2\/tags?post=15"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}