Trump sons-backed Aureus rises; drone firm Powerus reportedly pitching UAE on weapons deal

Unusual Machines

01/04/2026 15:54

** Shares of golf club owner Aureus Greenway AGH.O, backed by President Donald Trump's eldest sons and poised to merge with drone maker Powerus, up 14.3% at $3.88 along with broader market gains on Weds

** Powerus has met with Abu Dhabi officials to discuss selling weapons to the United Arab Emirates as the country looks to shore up its defense systems against attacks from Iran, Bloomberg News reports, citing people familiar with the matter

** The talks with Powerus haven’t resulted in a finalized deal, said the people, and the co is one of several drone firms pitching advanced defense systems in the Gulf petrostate, per the report

** A Powerus spokeswoman declined to comment. UAE's Ministry of Foreign Affairs, Abu Dhabi’s media office and UAE’s Ministry of Defence didn’t respond to requests for comments, according to Bloomberg

** Last month, AGH announced a deal to take West Palm Beach, Florida-based Powerus public as Eric and Donald Trump Jr.'s investments in the drone sector continue to grow

** Unusual Machines UMAC.A, a drone components firm that Trump Jr. backed separately, also invested in AGH and in a private placement in connection with the merger

** Kissimmee, Florida-based AGH went public in Feb 2025 IPO at $4

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com 1-646-279-6380))