Trump Family Backed Drone Company Goes Public

0:00On March 9th, a new drone company backed by President Donald Trump's sons is stepping up to meet surging demand for American-made drones. Air Trump and Donald Trump Jr. are investors in power use, a Florida firm that's merging with a public golf course company to list on Nasdaq soon. This move comes as the US government bans Chinese drones, creating a big gap in the market. The Pentagon's pushing hard for domestic options through its drone dominance program, wanting to spend about $1.1 billion on, hundreds of thousands of small US-built drones by 2027. Recent federal rules block new Chinese models and urge American firms to ramp up production for national security reasons. Trump family linked investors, including an investment bank and a drone parts company, where Donald Trump Jr. serves on the board, are fueling the deal. A South Korean fund also chipped in $50 million. Belarus already buys components from that parts firm and has snapped up three smaller drone makers in the last six months.

1:01The company's CEO says going public will boost manufacturing and let them hit over 10,000 drones a month, including heavy-lift aerial models and, once for wildfire fighting, co-founder Brett Velikovic, an army special ops vet, is eyeing partnerships to adapt Ukrainian battlefield tech for US production. As the drone industry heats up into a multi-billion dollar market for defense and emergencies, Boris positions itself at the forefront of this shift toward home-grown tech.