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Trump Sons Back New Drone Company
- On Monday, Donald Trump Jr., son of President Donald Trump, and Eric Trump, son of President Donald Trump, backed Florida-based Powerus and announced plans to take it public via a reverse merger with Aureus Greenway Holdings.
- In December, regulators banned new foreign-made drones, and the Trump administration implemented this ban citing national-security concerns while the Department of Defense pledged $1 billion to buy more than 200,000 drones by 2027.
- Powerus CEO Andrew Fox told The Wall Street Journal it targets 10,000 drones monthly, plans Ukrainian technology imports and has Trump-linked investors, prompting CNBC's Carl Quintanilla to say, 'They must know some people'.
- The potential to win government contracts raises ethics concerns as Powerus could fill Pentagon demand, while critics warn Donald Trump Jr. and Eric Trump seek profit from a war their father oversees.
- This marks a second recent Trump-family push into drones, as Powerus will soon go public via a reverse merger with Aureus Greenway Holdings, aiming for a Nasdaq debut.
30 Articles
30 Articles
Trump Family's Strategic Drone Bet: Inside the $59M Powerus Merger
Donald Trump Jr. and Eric Trump have taken stakes in a Florida drone startup pitching itself to the Pentagon; a bet that places the president's sons in direct financial alignment with a defence market their father's administration has spent the past nine months constructing through executive orders, a sweeping ban on Chinese drone imports, and an active military campaign against Iran. On 9 March 2026, Aureus Greenway Holdings Inc. (Nasdaq: AGH),…
Eric and Donald Trump Jr extend their portfolio of investments to defence technologies. Their entry into the capital of Powerus, specialized in drones with military potential, revives critics against the presidential family.
A company related to Donald Trump's two biggest sons will invest in an American independent drone producer, some of which, according to a monthly press release, is a new illustration of the diversification of Eric and Donald Jr's activities, which has already brought them into conflict of interest, reports AFP.
Trump's Sons Invest In Drone Firm Amid Escalating US-Iran War
Donald Trump's sons are backing a new business venture to produce autonomous drones, including defense systems, adding to conflict-of-interest questions as the US president directs military operations in Iran.
This time, it's drones. Trump's two sons are making money amid the Iran war. With low-cost drones playing a leading role in the Iran war, which began with US and Israeli airstrikes, the two sons of US President Donald Trump have invested in a drone company. Some say they are targeting the Trump administration's defense procurement projects.
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