By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Chicago Patriot News MediaChicago Patriot News MediaChicago Patriot News Media
  • Advertise with us
  • Newsletters
  • Deal
Reading: Eric Trump-backed defense technology company Space-Eyes to go public in $638 million SPAC deal
Share
Font ResizerAa
Chicago Patriot News MediaChicago Patriot News Media
Font ResizerAa
  • Politics
  • Advertise with us
  • Newsletters
  • Deal
  • Advertise
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Chicago Patriot News Media > Blog > Latest > Eric Trump-backed defense technology company Space-Eyes to go public in $638 million SPAC deal
Latest

Eric Trump-backed defense technology company Space-Eyes to go public in $638 million SPAC deal

đź”´ Night Line

Mujeeb Osman
Last updated: July 31, 2026 11:39 pm
Mujeeb Osman 5 hours ago
Share
SHARE

Chicago – July 31, 2026

Space-Eyes, a defense technology startup backed by Eric Trump, has agreed to go public through a SPAC merger with McKinley Acquisition Corp in a deal valuing the combined company at $638 million, according to Reuters. The company is expected to list on Nasdaq under the ticker “CUAS” after the transaction closes, likely in the fourth quarter of 2026.

The New York-based firm builds systems for detecting and countering drones and offers geospatial intelligence tools. Reuters reported that Space-Eyes has generated about $1 million in annual revenue and has operated mainly as a research-and-development company.

Eric Trump is a major private investor in Space-Eyes and is expected to serve as a strategic adviser to the public company. Reuters also reported that he helped introduce potential board candidates as the firm prepared for the listing.

The deal could provide up to $251.7 million in gross proceeds, including trust-account cash and PIPE financing, pending shareholder and regulatory approvals.

You Might Also Like

Trump claims ‘Good Talks’ with Iran but Tehran firmly denies any peace negotiations

Trump launches new tariffs targeting dozens of top U.S. trading partners

Oil hits $100 a barrel as Yemeni Houthis attacks on tankers passing Red Sea

Trump approves historic nuclear deal allowing Saudi Arabia to enrich uranium

Houthi naval blockade threat against Saudi Arabia raises risk of wider U.S.-Iran conflict

Share This Article
Facebook Twitter Email Print
By Mujeeb Osman
With 26 years of journalism experience across Urdu and English newspapers, he has built a reputation for thoughtful, community-focused reporting. Mujeeb Osman previously served as the Chicago in-charge of The Muslim Observer, where he covered local, national, and international issues impacting diverse communities. At Chicago Patriot News, he continues his commitment to delivering accurate, balanced, and compelling stories. His work reflects a deep interest in immigration issues, public policy, and American politics, areas he has followed closely throughout his career. At Chicago Patriot News, he continues his commitment to delivering accurate, balanced, and compelling stories that illuminate the challenges and perspectives shaping today’s public discourse.
Previous Article Social Security checks for retirees could rise by $77 a month in 2027 as critics push for formula change
Next Article Trump says ICC campaign was meant to shield Netanyahu, not himself
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Our Mission

Search CPN

Latest News

  • Trump says ICC campaign was meant to shield Netanyahu, not himself
  • Eric Trump-backed defense technology company Space-Eyes to go public in $638 million SPAC deal
  • Social Security checks for retirees could rise by $77 a month in 2027 as critics push for formula change
  • Two days of heavy rain across the Northeast set records and forced water rescues
  • UK Ends Longstanding Tax-Free Shopping Scheme for Most International Visitors
  • Mortgage rates hit their highest level in a year, driven by war and inflation concerns

Disclaimer

Chicago Patriot News MediaChicago Patriot News Media
Follow US
© 2025 CPN. All Rights Reserved by Chicagopatriotnews.com
Welcome Back!

Sign in to your account

Register Lost your password?