WASHINGTON — A company backed by Eric Trump and Donald Trump Jr. is moving to take drone manufacturer Powerus public, marking a further expansion of the Trump family’s presence in the defense technology sector.
Aureus Greenway Holdings, a golf club company linked to the Trump sons, announced plans to merge with Powerus in a deal that would list the firm on public markets. The merged entity is set to focus on advanced drone systems and autonomous maritime technology. Andrew Fox, founder of Powerus, is expected to serve as CEO and chairman of the combined company.
Established in 2025, Powerus produces heavy-lift drones capable of transporting payloads of up to 675 kilograms and offers services to convert conventional vessels into remotely operated or fully autonomous boats. The merger will allow the company to access public capital to expand its drone and autonomous systems operations, although the agreement may be terminated if not finalized by the end of 2026.
The deal reflects growing interest in unmanned systems as global demand for drones rises, particularly amid conflicts such as the Russian invasion of Ukraine. Drones have become a key procurement priority for militaries, with advanced air defenses limiting conventional aircraft deployment. Investors, including Silicon Valley firms, are increasingly funding startups in military AI and drone technologies, highlighting the strategic importance of unmanned systems.
Dominari, an investment firm involved in the merger, lists both Trump brothers as shareholders, each holding about six percent stakes. The planned listing underscores how companies linked to the Trump family are positioning themselves within sectors closely aligned with US defense priorities.
