Aureus Greenway Holdings Merges with Powerus
Analysis based on 10 articles · First reported Mar 09, 2026 · Last updated Mar 09, 2026
The merger between Aureus Greenway Holdings and Powerus is expected to boost the drone technology market, attracting further Silicon Valley funding and increasing valuations for US companies in the sector. This event highlights the growing importance of drone technology in defense and industrial applications, potentially leading to increased investment and innovation in the industry.
Aureus Greenway Holdings, a golf club company backed by Donald Trump Jr. and Eric Trump, is merging with Powerus, a drone technology company, in a deal designed to take Powerus public. This transaction is part of the Trump sons' expanding investments in the drone sector, following a previous $1.5 billion tie-up between XTEND and JFB Construction Holdings. Powerus, founded by Andrew Fox, specializes in heavy-lift drones and autonomous vessels. Andrew Fox is slated to become CEO and chairman of the combined entity. Dominari Securities, in which the Trump brothers hold stakes, is assisting in raising $9 million in financing for the merger, with additional funding from Unusual Machines, Agostinelli Group, and the Korea Climate & Governance Improvement Fund. The merger is expected to close by the end of 2026.
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