The Trump family increases investment in defense technology, and the drone company Powerus will go public by acquiring Aureus Greenway (AGH.US).

As the US Department of Defense significantly increases its budget for drone purchases, two sons of US President Trump are further ramping up their investments in the defense technology sector. On Monday, an emerging drone company announced that it will go public on the NASDAQ through a merger and the deal has received support from members of the Trump family. Headquartered in West Palm Beach, Florida, drone company Powerus announced that it will go public through a merger with golf course operator Aureus Greenway (AGH.US) already listed on the NASDAQ. According to the company's statement, this deal has received investments from Donald Trump Jr. and Eric Trump. Following the news, the stock price of Aureus Greenway surged 24% during Monday's trading session in New York, but as of the time of writing, the gains have been erased and the stock is down 3.07% to $4.74. Dominari Holdings Inc., a boutique investment bank, provided advisory services for this deal. The institution has previously been involved in multiple transactions in the drone and cryptocurrency fields for the Trump family. Meanwhile, the South Korean Climate and Governance Improvement Fund also invested $50 million in this project. Co-founder of Powerus and retired US Army Special Operations veteran Brett Velicovich stated that the company is at a critical stage of rapid growth. He said in a statement, "The market opportunity in front of us is massive, and we plan to seize this opportunity firmly." This investment also expands the Trump family's presence in the drone sector. Just last month, Eric Trump supported a $1.5 billion deal that led to Israeli tactical drone manufacturer Xtend going public through a merger with a Nasdaq-listed construction company. Furthermore, a drone components company called Unusual Machines Inc. was involved in both the Xtend and Powerus deals. Donald Trump Jr. has been an advisor to this company since 2024 and has invested in the company. Analysts point out that the Trump family's recent intensive investment in the drone industry is closely related to the rapid growth in demand for unmanned combat systems by the US government. Currently, the US Department of Defense is driving an $11 billion drone procurement plan with the goal of purchasing hundreds of thousands of drones by 2027 and promoting the establishment of a domestic drone manufacturing industry chain. This policy direction is seen as a key growth driver for the military drone industry in the coming years.