Donald Trump Jr. and Eric Trump back drone company Powerus
Yahoo Finance·2026-03-10 16:29

Group 1: Company Overview - Aureus Greenway, a golf company, is merging with Autonomous Power Corporation (Powerus) to pivot into the drone industry, with plans to rename the combined entity Powerus Corporation and trade under the ticker PUSA if the deal closes as expected this summer [1] - Aureus was previously a small public company focused on operating two golf clubs near Orlando, with its stock beginning to trade on Nasdaq in February 2025 [1] Group 2: Investment and Financials - Aureus has engaged Dominari Securities to raise approximately $9 million through a private placement at $3 per share, with notable investors including Unusual Machines and Agostinelli Group [2] - Don Trump Jr. and Eric Trump hold roughly 6% stakes each in Dominari Securities, and Don Jr. is on the advisory board of Unusual Machines [2] Group 3: Industry Context - The merger is positioned within a broader context of the U.S. government's push to enhance domestic drone production, as highlighted by President Trump's executive order in June 2025 aimed at strengthening the U.S. drone industrial base [4] - The Trump administration has taken steps to bar imports of new foreign drones and critical components, while allowing some exemptions until the end of 2026 [4] Group 4: Market Sentiment and Future Outlook - Eric Trump has publicly endorsed drones as "the wave of the future," emphasizing their importance for national security and highlighting investments in drone technology, such as Xtend, which has secured a multimillion-dollar contract with the Department of War [5]

Donald Trump Jr. and Eric Trump back drone company Powerus - Reportify