Powerus, a drone company backed by Donald Trump Jr. and Eric Trump, went public on the Nasdaq earlier this month. The company grew from $5.7 million in assets to a $300 million enterprise within months, securing a $90 million Air Force contract and a $22 million Middle East defense job. A fund backed by the Trump sons has cashed out at least $6 million and holds about 3.4% of Powerus. Stock has declined by about half since trading began. Ethics experts cite blurred government-private lines.
One free account opens every story complete, the live board, the 30-day calendar, a watchlist and breaking alerts on your phone. No card. The wire stays free to read.
