Golf club firm owned by Trump's sons merges with drone manufacturer

4 hours ago

Aureus Greenway Holdings, backed by Donald Trump's sons, is merging with drone manufacturer Powerus to take it public.
The Trump brothers have been increasing investments in the drone sector, including a recent $1.5bn deal involving XTEND and JFB Construction Holdings.
Drones are a priority for the Pentagon and widely used in Ukraine due to air defense limitations.
Silicon Valley funding is boosting drone and military AI startups like Anduril Industries and Shield AI.
Powerus, founded by Andrew Fox, specializes in heavy-lift drones and autonomous vessel conversions.
Fox will become CEO and chairman of the merged company, per an SEC filing.
Dominari Securities, partly owned by the Trump brothers, is raising $9m for the merger.
The merger can be terminated if not completed by the end of 2026.
Trump family business activities, including crypto and energy ventures, raise ethical concerns during his presidency.
Trump Media & Technology Group merged with a fusion energy company, investing $300m in the technology.
An Emirati royal family member invested $500m in Trump's cryptocurrency firm, followed by eased UAE export controls on AI chips.

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