The Trump administration equity portfolio is growing. These are the investments so far

Core Viewpoint - The Trump administration has made significant equity investments in at least 10 companies, focusing on critical minerals, chipmakers, and potentially nuclear reactor companies, aiming to build a domestic supply chain and reduce reliance on China [1][2]. Group 1: Government Investments - The administration's investments include a governance stake in U.S. Steel, allowing the president to veto key business decisions without a direct economic interest [2][5]. - The government is acting as a strategic investor, aiming for both commercial returns and national purposes [4]. - The Commerce Secretary indicated potential future stakes in major defense suppliers like Lockheed Martin [3]. Group 2: Specific Company Investments - MP Materials: A critical minerals company with a market value over $10 billion, the Pentagon agreed to buy $400 million of preferred stock, potentially giving it a 15% stake [6][7]. - Intel: The Commerce Department acquired a 10% stake in Intel by purchasing 433.3 million shares at $20.47 each, funded by government grants [8][9]. - Lithium Americas: The Department of Energy took a 5% stake in Lithium Americas and its joint venture with GM, deferring $182 million of debt service on a $2.3 billion federal loan [10][11]. - Trilogy Metals: The government invested $35.6 million, becoming a 10% shareholder with warrants for an additional 7.5% [12][13]. - USA Rare Earth: The Commerce Department issued a letter of intent for a $1.3 billion loan, resulting in an 8% to 16% stake depending on warrant exercise [14][15]. - Westinghouse: The government signed a deal to finance $80 billion in nuclear plants, potentially becoming an 8% shareholder if the company's value exceeds $30 billion [16][17]. - Vulcan Elements: A $1.4 billion partnership to build a rare earth magnet supply chain includes a $50 million equity stake for Commerce [18][19]. - XLight: The Commerce Department issued a letter of intent for up to $150 million in federal incentives, resulting in a $150 million equity stake [20]. - L3Harris: A proposed partnership includes a $1 billion investment in its rocket motor business, converting to common equity upon an IPO in 2026 [21][22].