Powerus hits $300M valuation via Nasdaq merger as Trump-backed drone deals pile up
What's the deal? PowerusDealroom has a profile for this one. Try Dealroom →, a maker of autonomous drones and unmanned systems, has gone public on Nasdaq after completing its merger with Aureus Greenway Holdings on October 1. The reverse merger, which valued the drone maker as a roughly $300 million company, saw Aureus Greenway renamed PowerusDealroom has a profile for this one. Try Dealroom → Corp. and trading under the ticker PUSA.
Why now? The deal caps a rapid climb for a startup that grew from $5.7 million in assets to a $300 million enterprise within months. Its profile rose after a July 2025 Fox News appearance by drone figure Brett Velicovich, now a senior executive, whom President Trump praised on social media as someone who “really knows his stuff.”
What's the endgame? Powerus is assembling a drone business through dealmaking, having acquired three existing firms, including an autonomous boat startup. An investment fund backed by Donald Trump Jr. and Eric Trump helped fund the push, while supplier Unusual MachinesDealroom has a profile for this one. Try Dealroom → made a $30 million strategic equity investment in June.
The contracts: Powerus has secured a Department of Defense award valued at up to $90 million for drone interceptors and related technology, of which the US Air Force ordered roughly $83 million by August. It also claims a $22 million contract to protect Middle East oil infrastructure and has pursued deals across India, Lithuania, Iraq, and Pakistan.
What could go wrong? The headline growth outpaces proven sales. The Air Force award is a ceiling, not guaranteed revenue, and Reuters reported first-quarter sales of just $1.2 million. The company has also asked some contractors to sign nondisparagement agreements as it scales manufacturing.
The signal: Powerus reflects a wider rush to assemble defense-drone businesses as Pentagon demand rises. But its story underlines the gap between announced contract potential and sustained revenue — a reminder that rapid dealmaking and political ties do not guarantee a durable business.
Read more: timesnowworld.com
Image credit: mark6mauno
