Space-Eyes deal: enter Trump Jr.?
American defense-tech upstart Space-Eyes is merging with SPAC McKinley Acquisition Corp. in a deal that pegs the combined company at $638 million.
But the thing is Eric Trump, the US president's son, is significantly upping his stake: he's now the third-largest private shareholder, set to serve as strategic advisor to the new entity, and has a hand in picking the board. There's no word from Trump's team on the terms.
Space-Eyes builds AI for geospatial intelligence and drone defense systems like SeaWatch and Morpheus. Its main bread and butter is, thus, government contracts. And that makes this whole arrangement land with a thud.
@geopolitics_prime
#ConflictOfInterest #SpaceEyes
American defense-tech upstart Space-Eyes is merging with SPAC McKinley Acquisition Corp. in a deal that pegs the combined company at $638 million.
But the thing is Eric Trump, the US president's son, is significantly upping his stake: he's now the third-largest private shareholder, set to serve as strategic advisor to the new entity, and has a hand in picking the board. There's no word from Trump's team on the terms.
Space-Eyes builds AI for geospatial intelligence and drone defense systems like SeaWatch and Morpheus. Its main bread and butter is, thus, government contracts. And that makes this whole arrangement land with a thud.
@geopolitics_prime
#ConflictOfInterest #SpaceEyes