What Happened
Defence Technology Company Backed by Eric Trump Expands
Defence technology company SpaceEyes, backed by Eric Trump, has agreed to go public through a merger with special purpose acquisition company McKinley Acquisition Corp in a deal valuing the combined business at $638 million. SpaceEyes develops AI-powered counter-drone and geospatial intelligence technologies for governments and agencies, and plans to scale up its business using third-party manufacturers. The company is negotiating contracts worth around $35 million over five years, and Eric Trump will serve as a strategic adviser to the combined business. This development was reported by Reuters.