Trump brothers back $2.5B drone startup merger with Powerus
Donald Trump Jr. and Eric Trump are backing a reverse merger between Aureus Greenway Holdings and Powerus, a heavy-lift drone startup.
Announced March 9, the deal aims to put Powerus on the Nasdaq as PUSA by summer 2026, pending regulatory green lights.
Powerus builds heavy-lift drones and has military veterans on board
Founded in 2025 by Andrew Fox in West Palm Beach, Powerus builds drones that can carry up to 675kg and even convert boats into autonomous vessels.
The team includes US Army Special Operations veterans, bringing serious expertise to their technology.
The merger is set to help the company scale quickly
The merger got full board and majority stockholder approval, with private funding behind it. Aureus shares jumped 55% after news broke.
Powerus's three subsidiaries, Kaizen Aerospace (big drones), Tandem Defense (tactical platforms), and Agile Autonomy (maritime surveillance), are set to help them hit an ambitious goal: producing over 10,000 drones per month.
The company also wants to bring Ukrainian drone technology stateside for the Pentagon's $1.1 billion Drone Dominance push and is eyeing Florida golf courses for testing its agri-drones.