Unusual Machines Surges After Donald Trump Jr. Joins as Adviser
ICARO Media Group
**Donald Trump Jr's New Advisory Role Sends Drone Company's Stock Soaring**
In a strategic move that reverberated through the stock market, Florida-based drone company Unusual Machines announced on Wednesday the appointment of Donald Trump Jr as an adviser, sparking a significant surge in its stock price. Allan Evans, the company's CEO, heralded the addition of Trump Jr to the advisory board as an infusion of valuable expertise, essential for their mission to revitalize drone component manufacturing in the United States.
By mid-morning trading on the New York Stock Exchange, Unusual Machines' shares skyrocketed to $11.67, a stunning increase from the day's opening price. The excitement was fueled further by the revelation that Trump Jr, the eldest son of the president-elect, held considerable shares in the company. A filing with the US Securities and Exchange Commission revealed him as the second-largest shareholder.
In an enthusiastic press release, Evans lauded Trump Jr, describing him as a "globally recognized business leader" and a "best-selling author" who would contribute a wealth of experience to the company. Trump Jr's career, largely spent in the Trump Organization and his ascendancy in political circles, underscores his influential presence. Since the distancing of his sister Ivanka Trump and her husband Jared Kushner from Donald Trump after the 2020 presidential election, Trump Jr has remained a prominent figure in Republican politics.
Trump Jr's involvement in the Ohio senatorial race this year, which saw JD Vance triumph over the Democratic ticket of Vice-President Kamala Harris and Minnesota Governor Tim Walz, has enhanced his political capital. On Wednesday, Trump Jr emphasized the necessity for domestic drone production, aligning his views with those of his father, the president-elect, who has advocated for heavy tariffs on Chinese imports.
Despite this patriotic vision, Unusual Machines' SEC filing disclosed a substantial reliance on Chinese imports for their operations. The filing stated that the majority of Rotor Riot's products are sourced from Chinese vendors, and their primary contractor, Fat Shark, operates out of Shenzhen, China. Unusual Machines has yet to comment further on these dependencies.
This significant development in Unusual Machines' leadership not only highlights a pivotal shift in the company's strategic direction but also underscores the ongoing debate about the reliance on foreign manufacturing in critical technological sectors.