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Trump Son's Investment Firm Has Ties to Artificial Intelligence, Defense Technology

Strategic Insights

— 2 min read

Donald Trump Jr., the son of US President Donald Trump, has said that his investment firm, 1789 Capital, has an understanding of his father's plans for the country, thanks to its involvement in crafting "patriotic capitalism" - an investment thesis focused on rebuilding the American supply chain, expanding the US economy, and helping it compete in new markets like artificial intelligence. The firm has significant investments in A.I. and defense technology companies, including Anduril Industries, Hadrian, and all of Elon Musk's private companies, such as SpaceX, xAI, and Neuralink.

Key Takeaways:

  • 1789 Capital has invested in A.I. and defense technology companies, including Anduril Industries, Hadrian, and all of Elon Musk's private companies.
  • The firm's investment thesis is focused on "patriotic capitalism", which involves rebuilding the American supply chain, expanding the US economy, and helping it compete in new markets like artificial intelligence.
  • 1789 Capital has received $2 billion in funding from the Saudi Arabian public investment fund, and has also invested in a rare-earths mining company to help the United States compete in that market.
  • The partnership between the Trump administration and the venture capital industry is reflected in several funds, including a $600 million "American Dynamism" fund at Andreessen Horowitz, which targets early-stage companies in industries like defense, energy, education, and manufacturing.
  • Palmer Luckey, the founder of Anduril, has described his company's technology as "promising" and "game-changing".
  • The first year of the Trump administration has coincided with a period of rapid growth for 1789 Capital, with the firm's assets under management reaching close to $900 million according to regulatory documents.
  • 1789 Capital's assets are now estimated to be around $2 billion, according to a person familiar with the firm's inner workings.

Statistics:

  • 1789 Capital has invested in at least 5 A.I. and defense technology companies, including Anduril Industries, Hadrian, SpaceX, xAI, and Neuralink.
  • The firm has received $2 billion in funding from the Saudi Arabian public investment fund.
  • 1789 Capital's assets under management are estimated to be around $2 billion.
  • The firm has significant investments in the rare-earth metals market, including a funding round for Vulcan Elements, a rare-earths mining company.
  • The Trump administration's "America First" approach has been reflected in several funds, including a $600 million "American Dynamism" fund at Andreessen Horowitz.

Sources:

  • Reuters, "Trump Son's Investment Firm Secures $2 Billion in Funding"
  • The New York Times, "Trump Son's Investment Firm Invests in A.I. and Defense Technology Companies"
  • Future Investment Initiative, "Speech by Donald Trump Jr."
  • PitchBook, "1789 Capital Raises $1.25 Billion in Funding"
  • Regulatory documents filed with the U.S. Securities and Exchange Commission

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