Trump-backed Aureus to merge with drone maker Powerus

Aureus Greenway Holdings Inc. has announced a definitive merger agreement with drone technology firm Powerus, a strategic move designed to take the drone manufacturer public. This transaction represents the latest expansion into the unmanned aerial systems sector by the United States-based golf club company, which counts Eric and Donald Trump Jr. among its primary backers. The deal follows a period of heightened activity in the sector, including last month's $1.5 billion combination between Israel-based XTEND and JFB Construction Holdings. Drones have emerged as a critical procurement priority for the military, particularly as their utility is demonstrated in Ukraine, where sophisticated air defense systems frequently limit the deployment of traditional manned aircraft. This demand has fueled significant venture capital interest in military artificial intelligence and drone startups. Powerus, established in 2025 by Andrew Fox, manufactures heavy-lift drones with the capacity to carry industrial payloads of up to 675 kg. The firm also provides specialized services to convert existing manned maritime vessels into remotely operated or fully autonomous platforms. Per a regulatory filing, Fox is expected to assume the roles of chief executive officer and chairman of the combined enterprise. In support of the transaction, Aureus has engaged Dominari Securities to facilitate a $9 million financing round. Both Trump brothers are shareholders in Dominari, each holding approximately 6% stakes. The merger agreement stipulates that either party may terminate the deal if it fails to close by the conclusion of 2026. Reporting for this article was supported by staff in India.