{
  "id": 63553,
  "title": "Eric Trump-backed Space-Eyes to go public via $638M SPAC merger",
  "url": "https://urgent.news/2026/08/02/eric-trump-backed-space-eyes-to-go-public-via-638m-spac-merger",
  "topic": "tech",
  "section": "Tech",
  "published": "2026-08-02T23:35:22.000Z",
  "source": {
    "name": "SiliconANGLE",
    "slug": "siliconangle",
    "url": "https://siliconangle.com/2026/08/02/eric-trump-backed-space-eyes-go-public-via-638m-spac-merger/"
  },
  "original_language": "en",
  "account": "Space-Eyes, a defense technology startup supported by Eric Trump, has announced plans to go public via a merger with McKinley Acquisition Corp. The combined entity is projected to be valued at approximately $638 million. Eric Trump, now the third-largest private investor in Space-Eyes, will assume a strategic advisory role following the merger, leveraging his security expertise acquired from serving at the White House. Space-Eyes, headquartered in Miami, specializes in AI-driven solutions for countering drone warfare and geospatial intelligence, targeting government and military clients. The company's CEO, Jatin Bains, and COO, Dylan Monroe, describe their software as a platform that leverages data from satellites, radio-frequency sensors, and radar to detect, track, and respond to drone threats in real-time. Their flagship products include SeaWatch, a maritime intelligence platform, and Morpheus, an AI-powered counter-drone system. Space-Eyes is currently exploring multi-country government contracts and corporate partnerships, with ongoing negotiations valued at around $35 million over five years. Eric Trump's role as a strategic adviser aims to connect the company with potential board candidates and valuable insights into emerging drone threats. The merger is projected to generate around $251.7 million in gross proceeds and is set to close in Q4 2026, with the combined company listing on the Nasdaq under the ticker symbol \"CUAS.\"",
  "summary": "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 […] The post Eric…",
  "key_points": [
    "Eric Trump-backed Space-Eyes to merge with McKinley Acquisition Corp.",
    "Combined entity valued at $638M, projected $251.7M gross proceeds.",
    "Eric Trump to advise on board candidates and drone threat insights."
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}