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Eric Trump Touts Drone Investment After Report Suggests He And Don Jr. Are Backing Powerus
The Trump brothers are backing a drone startup called Powerus, which plans to go public via a merger with Aureus Greenway Holdings.
Mar. 10, 2026 at 5:03am
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Eric Trump said drones are a "much better investment" as he and Donald Trump Jr. back drone startup Powerus, which plans to go public via a merger with Aureus Greenway Holdings Inc to capitalize on rising demand from the U.S. military. Powerus has acquired three small companies over the past six months and sells aerial and maritime drones, aiming to scale production to more than 10,000 drones per month.
Why it matters
The investment comes as the U.S. government ramps up efforts to expand domestic drone manufacturing after banning new Chinese drone models from entering the American market. This presents an opportunity for startups like Powerus to fill the void and grow their business.
The details
Powerus, a West Palm Beach, Florida-based company, plans to go public through a reverse merger with Aureus Greenway Holdings Inc. (NASDAQ:AGH), a publicly traded golf-course holding company. Investors tied to the Trump family, including their investment vehicle American Ventures, are involved in the deal. Unusual Machines — where Trump Jr. is a shareholder and advisory board member — is also participating and counts Powerus as a customer. Trump-backed investment bank Dominari Securities is assisting with the transaction, while the Korea Corporate Governance Improvement Fund has invested $50 million.
- Powerus has acquired three small companies over the past six months.
- The deal would allow Powerus to begin trading on the Nasdaq in the coming months.
The players
Eric Trump
The son of former U.S. President Donald Trump, who has expressed optimism about the drone industry and is backing the Powerus startup.
Donald Trump Jr.
The son of former U.S. President Donald Trump, who is also backing the Powerus drone startup along with his brother Eric.
Powerus
A drone startup based in West Palm Beach, Florida, that is planning to go public via a merger with Aureus Greenway Holdings Inc. to capitalize on rising demand from the U.S. military.
Aureus Greenway Holdings Inc.
A publicly traded golf-course holding company that Powerus plans to merge with to go public on the Nasdaq.
Unusual Machines
A drone component maker where Donald Trump Jr. is a shareholder and advisory board member, and which is participating in the Powerus deal as a customer.
What they’re saying
“I happen to believe drones will be a much better investment than companies that still print newspapers.”
— Eric Trump
What’s next
The deal would allow Powerus to begin trading on the Nasdaq in the coming months.
The takeaway
The Trump brothers' investment in Powerus highlights the growing demand for domestic drone manufacturing in the U.S. as the government seeks to reduce reliance on Chinese-made drones. This presents an opportunity for startups like Powerus to capitalize on the market shift and potentially benefit from the Trump family's political connections.
