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Eric Trump invests in Israeli drone maker XTEND's merger with Florida construction firm
Yahoo Finance· 2026-02-17 15:51
Group 1: Merger and Investment Details - Eric Trump is investing in a $1.5 billion merger between Israeli drone maker XTEND and Florida-based JFB Construction Holdings, aimed at taking XTEND public [1] - Other investors in the merger include Protego Ventures, American Ventures, and Aliya Capital, with the all-stock merger expected to close by mid-2026 [4] - The joint company will be renamed XTEND AI Robotics and listed on Nasdaq under the ticker "XTND" [4] Group 2: Market Context and Trends - The Trump family has expanded its business ventures, including cryptocurrency sales that generated approximately $800 million in the first half of 2025 [2] - Drones have become a top-selling item at the Pentagon and are crucial in the Ukrainian battlefield, where conventional warplanes are limited due to dense air defense systems [2] - There has been a surge in Silicon Valley investment in drone and military AI startups, increasing valuations of U.S. firms like Anduril Industries and Shield AI [3] - XTEND's AI-enabled systems are utilized by the U.S. Department of Defense, Singapore, Europe, the U.K., and Israel Defense Forces as of July 2025 [3]
BigBear.ai Poised to Benefit as Palantir Dominates AI Defense
MarketBeat· 2025-06-23 14:24
Each market cycle brings about names that become market leaders in terms of price action, reaching stratospheric valuations and wiping out all sellers who are stubborn enough to fight them. While most will stay on the sidelines and call them expensive, seasoned investors know that some companies are worth overpaying for when the story and the numbers start to line up. Right now, Palantir Technologies Inc. NASDAQ: PLTR is that story. Shares are up 476.4% over the past year, driven by growing demand for AI so ...