Drone Firm's Stock Surges After Donald Trump Jr. Joins Advisory Board
Unusual Machines appoints Trump Jr., citing his experience and alignment with plans to boost U.S. drone manufacturing.
- Unusual Machines, a Florida-based drone company, saw its stock price more than double after announcing Donald Trump Jr. as a new advisory board member.
- The company emphasized its goal of reducing reliance on Chinese imports and strengthening domestic drone manufacturing, aligning with Trump Jr.'s public statements.
- Despite its stated commitment to onshoring, Unusual Machines disclosed in SEC filings that it remains heavily dependent on Chinese components for its products.
- Donald Trump Jr. was previously listed as the second-largest shareholder of the company, though he currently holds no shares following a recent offering.
- The stock surge highlights the influence of the Trump name, as the company also seeks to expand into Pentagon-compliant drone production.