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Donald Trump Jr.’s Drone Ventures Could Make a Killing — Thanks to Dad’s Big Beautiful Budget (theintercept.com)

submitted 1 week ago by geneva_convenience@lemmy.ml to c/progressivepolitics@lemmy.world

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Last November, shortly after Donald Trump was reelected president, his son Donald Trump Jr. joined a venture capital firm with investments in several defense companies. Later that month, he was appointed the advisory board of Unusual Machines, a small, Florida-based drone company incorporated in Nevada.

Securities filings showed Trump Jr. owned 331,580 shares in the company, with only two top executives holding more.

Unusual Machines has been positioning itself to benefit from legislative and government policy changes.

The company is made up of two parts: Fat Shark, which makes goggles, controllers, and other drone components and accessories; and an e-commerce platform called Rotor Riot, which sells drone parts. According to a pitch deck for investors, Unusual Machines also plans to acquire an Australian drone motor manufacturer, Rotor Lab.

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[–] geneva_convenience@lemmy.ml 2 points 6 days ago

Rotor Riot is an even bigger disappointment. Mads Tech was very upset with them and he never gets political.