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Trump Family Backs Military Drone Startup IPO

Financial Times Companies •
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The Trump sons have backed the launch of a new military drone company that plans to go public through a merger with a Nasdaq-listed Florida golf course operator. This unconventional SPAC deal represents the latest venture from the Trump family into the defense technology sector, following their previous investments in other aerospace and defense startups.

The merger structure allows the drone company to bypass the traditional IPO process and access public markets more quickly. By combining with an existing public shell company, the startup can achieve public listing status without the lengthy regulatory scrutiny of a conventional IPO. The Florida golf course operator provides the public vehicle for this transaction.

This move comes amid growing investor interest in defense technology and unmanned systems, particularly as geopolitical tensions drive demand for advanced military capabilities. The Trump family's involvement adds a high-profile element to the deal, potentially attracting both supporters and critics to the investment. The exact terms of the merger and the drone company's valuation remain undisclosed as the transaction moves toward completion.