Trump's son launches $638M IPO with Space Eyes

SpaceEyes, a company specializing in defense technology, is planning a public listing on the stock exchange through a merger with McKinley Acquisition Corp valued at approximately $638 million. Eric Trump, the son of former President Donald Trump, is among the company's prominent investors and will serve as a strategic advisor after the deal's completion, providing insights into security threats related to drones. The company is developing AI-powered counter-drone technologies and aims to secure $35 million in deals over five years, covering areas such as drug trafficking monitoring, defensive applications, and prison drone protection, with expectations that the deal will generate revenues of up to $251.7 million. The newly formed company is expected to be listed on NASDAQ under the ticker "CUAS" after the transaction concludes in the last quarter of 2026, amid rising interest from governments and global companies in integrating defense technology and artificial intelligence to combat drone threats.

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