New drone maker partly owned by Trump sons hopes to win Pentagon contracts
This authoritative-secondary source from Associated Press supports 2 claims across 2 ledger entries.
All sources · Open original source
Claims supported by this source
- factreported
Reuters reported on November 12, 2024, that Donald Trump Jr. was joining 1789 Capital as a partner after his father's election victory; later reporting identified the fund as an investor in companies seeking federal financing and contracts.
Passages identifying the Trump sons' 1789 roles and PitchBook's 25-company versus six-purchase comparisonReuters reported Donald Trump Jr. was joining 1789 Capital after the election · Serving as 1789 Capital partner
- factreported
AP found that 1789 Capital invested in 25 companies during the year after Donald Trump Jr. joined, compared with six investments in the prior two years, and identified portfolio companies pursuing federal contracts, loans, or other government support; the report did not establish that Trump Jr. controlled federal awards.
Passages identifying the Trump sons' 1789 roles and PitchBook's 25-company versus six-purchase comparison1789 backed 25 companies in the year after Trump Jr. joined · AP counted the portfolio expansion and federal-business ties as of March 2026