Eric Trump-backed defense technology company Space-Eyes to go public in $638 million SPAC deal, sources say
Defense technology company Space-Eyes will merge with McKinley Acquisition Corp. This deal values the combined business at six hundred thirty-eight million dollars. Eric Trump, a significant investor, will serve as a strategic adviser. The company develops AI-powered counter-drone and geospatial intelligence technologies. This transaction is expected to close in the fourth quarter of 2026.
Defense technology firm Space-Eyes plans to go public through a merger with special purpose acquisition company McKinley Acquisition Corp, according to four sources familiar with the matter. The combined business will be valued at $638 million. Eric Trump, son of President Donald Trump, is the third-largest private investor in Space-Eyes and will serve as a strategic adviser to the newly public company.
Space-Eyes develops AI-powered counter-drone and geospatial intelligence technologies for governments and agencies. The Miami-based company is expected to expand into government contracts across continents and corporate clients, such as cruise companies and data centers. Eric Trump's new role involves advising the company on security threats posed by drones and other emerging technologies.
The transaction is anticipated to bring in up to $251.7 million in gross proceeds. This deal underscores growing investor interest in defense technology companies, as governments allocate more funds to drone detection, autonomous systems, and AI-driven battlefield intelligence.
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