{"id":513705,"date":"2026-03-09T21:25:22","date_gmt":"2026-03-09T21:25:22","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/513705\/"},"modified":"2026-03-09T21:25:22","modified_gmt":"2026-03-09T21:25:22","slug":"trump-sons-backed-aureus-to-merge-with-drone-maker-powerus","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/513705\/","title":{"rendered":"Trump sons-backed Aureus to merge with drone maker Powerus"},"content":{"rendered":"\n<p class=\"yf-1fy9kyt\">March 9 (Reuters) &#8211; Aureus Greenway, a golf club company backed by the sons of U.S. President Donald Trump, said on Monday \u200cit would merge with Powerus in a deal designed to take \u200cthe drone technology company public.<\/p>\n<p class=\"yf-1fy9kyt\">The transaction is the latest in Eric and Donald Trump Jr.&#8217;s growing \u200binvestments in the drone sector, following last month&#8217;s $1.5 billion tie-up between Israeli drone maker XTEND and Florida-based JFB Construction.<\/p>\n<p class=\"yf-1fy9kyt\">Drones have become a major procurement priority for the Pentagon and are widely used in Ukraine, where dense air defense \u200csystems near the front lines \u2060limit the deployment of conventional aircraft.<\/p>\n<p class=\"yf-1fy9kyt\">This growing reliance has also drawn significant Silicon Valley funding into drone and military \u2060<a href=\"https:\/\/tech.yahoo.com\/ai\/\" data-ylk=\"slk:artificial intelligence;elm:context_link;itc:0;sec:content-canvas\" class=\"link \" rel=\"nofollow noopener\" target=\"_blank\">artificial intelligence<\/a> startups, boosting valuations of U.S. companies such as Anduril Industries and Shield AI.<\/p>\n<p class=\"yf-1fy9kyt\">Powerus, which was formed in 2025 by Andrew Fox, makes heavy-lift drones that \u200bcan \u200bcarry industrial payloads up to 675 kg. \u200bThe company also offers services \u200cto transform existing manned boats into remotely operated or fully autonomous vessels.<\/p>\n<p class=\"yf-1fy9kyt\">Fox is expected to serve as chief executive officer and chairman of the combined company, Aureus said in a regulatory filing.<\/p>\n<p class=\"yf-1fy9kyt\">However, the value of the deal was not disclosed.<\/p>\n<p class=\"yf-1fy9kyt\">In connection with the planned merger, Aureus has engaged Dominari Securities \u200cto help raise about $9 million in financing \u200bfrom investors including drone company Unusual Machines \u200band Agostinelli Group, Dominari said \u200bin a separate statement.<\/p>\n<p class=\"yf-1fy9kyt\">Dominari counts both Trump brothers among its \u200cshareholders, with roughly 6% stakes each, \u200bwhile Unusual Machines tapped \u200bTrump Jr. as an adviser in November 2024.<\/p>\n<p class=\"yf-1fy9kyt\">Powerus has also secured additional funding from the Korea Climate &amp; Governance Improvement Fund, which agreed \u200bto purchase $50 million of \u200cthe drone maker&#8217;s stock, Dominari added.<\/p>\n<p class=\"yf-1fy9kyt\">The merger is expected to close \u200bin summer 2026, Dominari said.<\/p>\n<p class=\"yf-1fy9kyt\">(Reporting by Aishwarya Jain in Bengaluru; Editing \u200bby Mrigank Dhaniwala and Maju Samuel)<\/p>\n","protected":false},"excerpt":{"rendered":"March 9 (Reuters) &#8211; Aureus Greenway, a golf club company backed by the sons of U.S. President Donald&hellip;\n","protected":false},"author":2,"featured_media":513706,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[232706,232707,28,12,10670,82532],"class_list":["post-513705","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-andrew-fox","tag-aureus-greenway","tag-business","tag-donald-trump","tag-donald-trump-jr","tag-technology-company"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/513705","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=513705"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/513705\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/513706"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=513705"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=513705"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=513705"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}