Trump Sons Back New Drone Company as Their Dad Wages War in Iran
Source: The New Republic · Bias: Left
Summary
President Trump’s sons are trying to sell drones to the Pentagon.Eric Trump and Donald Trump Jr. are merging their publicly traded golf-course holding company with Powerus, a Florida-based drone company, with the goal of filling the gaps left by the Trump administration’s ban on Chinese drones.The drone market “is certainly going to grow faster than, say, golf courses are,” Powerus CEO Andrew Fox told The Wall Street Journal.The Trump-backed investment firm American Ventures, the Trump-backed investment bank Dominari Securities, and drone parts maker Unusual Machines, the latter of which Trump Jr. is a shareholder and advisory board member of, are involved in the public merger. Eric Trump is also invested in Israeli drone maker Xtend. Powerus wants to build more than 10,000 drones a month.While the financial and political impacts of this merger remain to be seen, it is impossible to ignore that as drone usage ratchets up, as the Trump administration blocks drones from China, and as Trump wages war in Iran using AI, the president’s sons and their investment firms are immediately at the scene ready to reap any benefits they can find. Family corruption has been a defining aspect of Trump’s second term, so much so that his sons investing in drones while he starts what may be yet another violent, drawn-out war in the Middle East is just another headline.“Raise your hand if you elected @realDonaldTrump so his kids could make money off of government contracts,” one large pro-Trump X account complained.“Rushing to cash in on Daddy’s failed war before they’ve even gotten Barron and Kai to enlist,” another large account on the liberal end of the spectrum wrote. “Truly deplorable behavior, but what we expect from these corrupt reprobates.”
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