Trump Sons' Investments Linked to Firms That Received $3.2 Billion in U.S. Contracts Since 2024 Election

Companies linked to investments by Donald Trump Jr. and Eric Trump have received at least $3.2 billion in direct U.S. government contracts since the 2024 election. A Washington Post analysis found that SpaceX and Anduril generated 97 percent of that amount.

Ten of the 15 Trump-linked companies examined were already receiving government contracts before the brothers became involved. Donald Trump Jr. and Eric Trump have invested in defense-sector companies including Hadrian, Vulcan Elements, and Firehawk Aerospace.

In November the Defense Department announced a $620 million loan to Vulcan Elements. 1789 Capital, where Donald Trump Jr. The November loan announcement increased Vulcan Elements' firm value by roughly 10 times, according to a Bloomberg analysis.

The Federal Communications Commission banned imports from China's leading drone maker in December. The Trump brothers announced backing for drone company Powerus amid the Iran war. Democratic senators sent a letter in March to Defense Secretary Pete Hegseth alleging potential corruption from Trump family investments in Defense Department contractors.

Pentagon press secretary Joel Valdez stated that no company receives preferential treatment in contracting decisions. White House spokesperson Anna Kelly stated that all of President Trump's assets are held in fully discretionary accounts managed by independent third-party financial institutions. A Trump Organization spokesperson stated that Eric Trump and Donald Trump Jr.

Are passive, minority investors with no involvement in day-to-day operations or strategic decisions. President Trump earned more than $1 billion from his family's crypto ventures last year, according to financial disclosures. A United Arab Emirates royal is a major investor in the Trump family's World Liberty Financial crypto company.

The White House approved the UAE and one of the royal's companies for access to top-of-the-line American artificial intelligence chips. President Trump traded at least $220 million in stock in the first quarter of 2026, including shares in government contractors and companies impacted by U.S. regulation.