A drone company that counts Donald Trump Jr. as an advisory board member received an immediate boost after a report revealed that the Trump administration is seeking a major funding deal with the firm.
Unusual Machines, a Florida-based drone parts maker in which President Donald Trump’s eldest son is a major investor holding millions of dollars’ worth of shares, is among the companies the government hopes to strike deals with, The Wall Street Journal reported Wednesday.
By the following morning, shares in Unusual Machines had surged 27 percent before climbing as high as 39 percent in premarket trading. As noted by the Journal in a follow-up article, the company’s share price of $26.30 would mark a record high if the gains carried over into the market open.
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