A golf club company backed by the sons of Donald Trump is merging with drone manufacturer Powerus in a deal designed to take the drone technology company public.
The merger with Aureus Greenway Holdings is the latest in Eric and Donald Trump Jr’s growing investments in the drone sector, following last month’s $1.5bn tie-up between Israeli drone maker XTEND and Florida-based JFB Construction Holdings. Drones have become a major procurement priority for the Pentagon and are widely used in Ukraine, where dense air defense systems near the frontlines limit the deployment of conventional aircraft.
This growing reliance has also drawn significant Silicon Valley funding into drone and military artificial intelligence startups, boosting valuations of US companies such as Anduril Industries and Shield AI.
Powerus, which was formed in 2025 by Andrew Fox, makes heavy-lift drones that can carry industrial payloads up to 675kg. The company also offers services to transform existing staffed boats into remotely operated or fully autonomous vessels.
Fox is expected to serve as chief executive officer and chair of the combined company, Aureus said in an SEC filing.
In connection with the planned merger, Aureus has engaged Dominari Securities to help raise about $9m in financing.
Dominari counts both Trump brothers among its shareholders, with roughly 6% stake each.
Graham Platner, a Democratic candidate for the US Senate, has rejected an explosive new report about...
Donald Trump has signed an executive order making it easier to fire thousands of the best-paid...
A major gun control group is suing the Bureau of Alcohol, Tobacco, Firearms and Explosives and...
Americans who receive Social Security checks could see benefit checks cut by $500 a month on...
