According to The Wall Street Journal, Eric Trump and Donald Trump Jr. S. military.
S. Army Special Operations veterans that builds drones for military and commercial use in high-risk environments, and Aureus Greenway Holdings, a holding company for the Trump family’s Florida golf courses. This combination seeks to leverage Powerus’s expertise in drone technology with the Trumps’ investment and business network.
Investors in the new company include American Ventures, a Trump investment vehicle, Unusual Machines, a components company with Don Jr. as a board member and shareholder, and the Trump-backed investment bank Dominari Securities, as reported by The Wall Street Journal. Additionally, the asset manager of the Korea Climate & Governance Improvement Fund is investing $50 million in the venture, according to the same source.
The exact amount of investment from Eric Trump and Donald Trump Jr. has not been disclosed, and the detailed business structure or ownership stakes of the merged company remain unknown. S.
military procurement policies that prioritize acquisition of American-made weapons, giving it automatic preference over foreign imports. S. drones to create more space for domestic manufacturers in a sector long dominated by Chinese brands.
S. military, and the specific timeline for when production or sales will begin is still undetermined. Powerus is based in West Palm Beach, Florida, positioning the company within a key region for aerospace and defense activities.
S. Department of Defense regarding this specific Trump family investment has not been confirmed. Eric Trump appeared to be offended by The Wall Street Journal’s reporting on the venture, according to multiple reports.
In a press release, Matthew Saker, interim CEO of Aureus Greenway, stated that the new project was a compelling opportunity made more relevant by current geopolitical uncertainties, adding that the need for autonomous technologies like those from Powerus is front-page news given developments in the Middle East and elsewhere. According to The Independent, Brett Velicovich, co-founder of Powerus and a conservative cable news pundit, described Eric and Don Jr. as fantastic supporters behind the scenes who see the need to build drone technology at scale.