Trump’s Sons Dive Into U.S. Manufacturing with New $300M SPAC Launch
Eric and Donald Trump Jr. are backing a new SPAC aiming to breathe life into domestic manufacturing and critical supply chains. Their New America Acquisition I Corp. just filed for a $300 million public offering to target companies that revitalize American industry—tying into their family’s ongoing push for economic nationalism.
The SPAC will hunt for merger candidates worth at least $700 million combined, with Eric and Donald Jr. holding millions of founder shares that could turn into big payouts once deals close. This move mirrors President Trump’s tariffs and trade rhetoric focused on boosting American manufacturing and jobs.
Led by longtime media and tech exec Kevin McGurn, and advised by investment veteran Kyle Wool—already a key player in the Trump sons’ expanding portfolio—the SPAC fits right into the family’s broad business ambitions beyond real estate and crypto.
The Trumps have faced criticism over conflicts of interest, especially given their simultaneous investments in controversial sectors like cryptocurrency and politically charged “antiwoke” ventures. Still, this new SPAC signals they’re doubling down on playing a role in shaping America’s industrial future.
If the SPAC succeeds, it’ll add another chapter to the Trump family’s expanding empire—and give them a fresh stake in the country’s manufacturing comeback narrative.
I seriously thought this was from the Onion, too.
Source: Wall Street Journal (gift article)