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Chicago Patriot News Media > Blog > Latest > Eric Trump-backed defense technology company Space-Eyes to go public in $638 million SPAC deal
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Eric Trump-backed defense technology company Space-Eyes to go public in $638 million SPAC deal

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Mujeeb Osman
Last updated: July 31, 2026 11:39 pm
Mujeeb Osman 1 month ago
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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.

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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.
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