Eric & Donald Trump Sr.'s Son Merges Family's Golf Business into One Company
On March 9th reports emerged that Trump's sons are merging their publicly traded golf-course holding company, backed by the family office of Donald J. "Don" Sr., Powerus Inc in West Palm Beach Florida into a single entity aimed at listing on stock markets and securing Pentagon drone contracts despite Chinese export bans The Wall Street Journal reported Eric T Jr have found another avenue to make money off their father's presidency as they try sell drones while CEO Andrew Fox noted the market is growing faster than golf courses Powerus was founded in 2019 by former US Army pilot John H.
Key Points
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1Eric Trump and Donald Jr., backed by their father's presidency plans to merge a golf-course holding company with drone manufacturer Powerus.
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2The merger aims for an IPO, positioning the family as key players in defense contracts despite ongoing Chinese export bans on drones from US companies.
Developments
Eric Trump and Donald Jr., alongside their affiliated investment firms and companies like Powerus and Unusual Machines, are merging to sell drones intended for U.S.-Iran conflict operations. This move aims to capitalize on the administration's ban of Chinese drone imports while critics accuse them of profiting from government contracts during an ongoing war in Iran using artificial intelligence technology.
According to reports from *The Wall Street Journal*, Powerus is merging with a Trump-family-backed golf company and investing in Unusual Machines (owned by Donald Jr.) while seeking U.S. military contracts amid the administration's ban on Chinese drones, alongside involvement from Dominari Securities for crypto-related dealings.
Eric Trump Jr., Donald J. Sr., Eric T., Andrew F., Unusual Machines are merging Powerus with their father's publicly traded golf-course holding company to sell drones and fill gaps left by the ban on Chinese drone imports, while also investing in Israeli maker Xtend; this move occurs as they seek government contracts amid a Trump administration war against Iran.