Eric Trump-backed Space-Eyes to go public via $638M SPAC merger
Space-Eyes, a defense technology startup backed by U. S President Donald Trump's son Eric Trump, has revealed it's planning to go public through a merger with a special purpose acquisition company called McKinley Acquisition Corp. The deal will value the combined businesses at around $638 million, Reuters reported.
Key Takeaways
- SiliconANGLE UPDATED 19:35 EDT / AUGUST 02 2026 AI Eric Trump-backed Space-Eyes to go public via $638M SPAC merger by Mike Wheatley Space-Eyes , a defense technology startup backed by U.
Eric Trump recently became the third-largest private investor in Space-Eyes, which has so far operated primarily as a research and development company and generates around $1 million in annual revenue, four people familiar with the business told Reuters.
- Space-Eyes, led by founder and Chief Executive Officer Jatin Bains and Chief Operating Officer Dylan Monroe, describes itself as a software company that combines data from satellites, radio-frequency sensors, radar and other sources.
It says it uses that information to detect, track and respond to drone-related threats and provide geospatial intelligence in real-time.
- The contracts pertain to its software being deployed to monitor drug trafficking in the Caribbean, power defense applications in the Middle East and prevent contraband being smuggled into U.
In his role as a strategic adviser, Eric Trump will help to advise the company on the latest security threats posed by drones and similar emerging technologies, drawing on his experience with security issues affecting the White House.
- Space-Eyes is betting on the growing interest among investors in defense technology firms that use AI to combat drones, power autonomous systems and provide battlefield intelligence.
Reuters reports that the company was inspired by the software and data analytics firm Palantir Technologies Inc.
- They became popular as an alternative to holding an IPO from 2020 to 2022, but many companies that went public through that route struggled to achieve their growth targets.
Stats & Key Facts
- #The deal will value the combined businesses at around $638 million, Reuters reported.
- #] The post Eric Trump-backed Space-Eyes to go public via $638M SPAC merger appeared first on SiliconANGLE.
- #SiliconANGLE UPDATED 19:35 EDT / AUGUST 02 2026 AI Eric Trump-backed Space-Eyes to go public via $638M SPAC merger by Mike Wheatley Space-Eyes , a defense technology startup backed by U.
- #The deal will value the combined businesses at around $638 million, Reuters reported .
SiliconANGLE UPDATED 19:35 EDT / AUGUST 02 2026 AI Eric Trump-backed Space-Eyes to go public via $638M SPAC merger by Mike Wheatley Space-Eyes , a defense technology startup backed by U. S President Donald Trump's son Eric Trump, has revealed it's planning to go public through a merger with a special purpose acquisition company called McKinley Acquisition Corp. The deal will value the combined businesses at around $638 million, Reuters reported .
Eric Trump recently became the third-largest private investor in Space-Eyes, which has so far operated primarily as a research and development company and generates around $1 million in annual revenue, four people familiar with the business told Reuters. Following the completion of the transaction , he will serve as a strategic adviser to the combined business, having already introduced a number of prospective board candidates to the company's management. Miami-based Space-Eyes is a developer of artificial intelligence technologies focused on countering drone warfare and geospatial intelligence systems that are marketed to governments and militaries.
Following the acquisition, the company reportedly intends to scale up its business by using third-party manufacturers. This will allow it to compete for government contracts in multiple countries and also target corporate clients ranging from data center operators to cruise companies, Reuters' sources said. Space-Eyes, led by founder and Chief Executive Officer Jatin Bains and Chief Operating Officer Dylan Monroe, describes itself as a software company that combines data from satellites, radio-frequency sensors, radar and other sources.
For more details please read the original article at SiliconANGLE AI.
Continue Learning
Comments
Sign in to join the conversation