{"id":71623,"date":"2026-05-14T22:31:07","date_gmt":"2026-05-14T22:31:07","guid":{"rendered":"https:\/\/www.europesays.com\/people\/71623\/"},"modified":"2026-05-14T22:31:07","modified_gmt":"2026-05-14T22:31:07","slug":"eric-trump-and-donald-trump-jr-and-several-drone-deals","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/people\/71623\/","title":{"rendered":"Eric Trump and Donald Trump Jr. and several drone deals"},"content":{"rendered":"

The Financial Times recently published<\/a> a good roundup of investments made by Dominari Holdings, where Eric Trump and Donald Trump Jr. own approximately 12% of the firm. The investments in 21 businesses, made through a 90% owned subsidiary called American Ventures, range from \u201ca chain of Florida waxing salons to a Bermuda-based crypto lender and a nuclear energy start-up.\u201d Spokespeople for both Eric and Don Jr. said that they are passive investors and not involved in operations.<\/p>\n

I have been reporting extensively about Dominari Holdings<\/a> and American Ventures<\/a> and was following two companies with business in Florida \u2013 golf company Aureus Greenway Holdings and JFB Construction \u2013 and was somewhat surprised to see the news that they both separately are planning to merge with drone companies. American Ventures is investing in both deals along with another investor, drone company Unusual Machines, which is another Dominari affiliated company where Don Jr. is an advisor and investor.<\/p>\n

Following is an overview of these drone deals with a few details not previously or widely reported and a few other items that have been hovering on my radar as well. Note that there is no indication of any wrongdoing by any of the people or companies covered here.<\/p>\n

Construction company JFB Construction plans to merge with Drone AI company Xtend<\/p>\n

In February the Wall Street Journal reported<\/a> that Eric Trump was investing in a \u2018Low Cost Per Kill\u2019 Israeli drone company Xtend as part of a $1.5 billion deal to take the company public through a merger with Florida based JFB Construction Holdings, a publicly traded company (symbol JFB) backed by Dominari.<\/p>\n

Battle-tested during Israeli operations in Gaza in recent years, Xtend markets some of its drones as \u201clow cost per kill\u201d munitions that align with U.S. defense directives to help wage modern warfare. The company, which opened a facility in Florida, said it has already secured a multimillion-dollar Pentagon contract and is part of a continuing Defense Department competition for new suppliers.<\/p>\n

Last year Dominari Holdings\u2019 subsidiary American Ventures raised $44 million<\/a> for JFB Construction, a Florida-based real estate and construction company led by Joseph F. Basile, III.<\/p>\n

JFB board directors include David Clukey, Nelson Garcia, Christopher Melton, Miklos \u201cJohn\u201d Gulyas, Jamie Zambrana Jr. and Stefan Passantino. Several of these board directors have ties to other Dominari deals.<\/p>\n

Christopher Melton is a director of Dominari affiliated companies Safety Shot (renamed Bonk) and SRM Entertainment (formerly a subsidiary of Safety Shot), which merged with Tron blockchain to form Tron Inc., which is majority owned by Tron-founder Justin Sun\u2019s father. Justin Sun was a large investor in the Trump-family crypto venture World Liberty Financial, and is now suing<\/a> World Liberty, which in turn is suing Sun back.<\/p>\n

Miklos \u201cJohn\u201d Gulyas is the board chairman of Safety Shot. And Stefan Passantino is a lawyer who has worked in the Trump Organization and is a director of New America Acquisition I Corp. where Eric and Don Jr. are investors, and which I covered in detail here<\/a>.<\/p>\n

Along with Eric Trump, another investor in the JFB and Xtend merger deal is a separate drone company Unusual Machines, where Donald Trump Jr. is an investor and an advisor. Last year I published this story<\/a> which described many of the past investors, financiers and deals related to Unusual Machines, which was previously called Red Cat Holdings.<\/p>\n","protected":false},"excerpt":{"rendered":"The Financial Times recently published a good roundup of investments made by Dominari Holdings, where Eric Trump and…\n","protected":false},"author":2,"featured_media":71624,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[22476,41136,39394,75,81,41137,4801,74,41138],"class_list":{"0":"post-71623","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-eric-trump","8":"tag-american-ventures","9":"tag-aureus-greenway","10":"tag-dominari-holdings","11":"tag-donald-trump-jr","12":"tag-eric-trump","13":"tag-jfb-construction","14":"tag-powerus","15":"tag-trump","16":"tag-unusual-machines"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@people\/116575304944602938","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/posts\/71623","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/comments?post=71623"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/posts\/71623\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/media\/71624"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/media?parent=71623"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/categories?post=71623"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/tags?post=71623"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}