From the Liveblog of
Thursday, May 28, 2026
White House in talks to fund US drone companies, WSJ reports
Add ToI as a Preferred Source on GoogleThe Trump administration is in talks to provide funding to some drone companies, including Unusual Machines and Sequoia Capital-backed Neros, the Wall Street Journal reports, citing people familiar with the matter.
Shares of Unusual Machines were up 37 percent in premarket trading on Thursday.
Drone dominance was described as a “presidential priority” in US President Donald Trump’s $1.5 trillion defense budget request for fiscal year 2027.
Months-long discussions between private sector firms and the Pentagon have included the Office of Strategic Capital, a Biden-era lending unit focused on companies critical to national security supply chains, the Journal reports.
Unusual Machines is a drone components maker that counts Donald Trump Jr. as an adviser, while Neros is a startup specializing in autonomous drones.
Performance Drone Works, which won a contract to supply the US Army with reconnaissance drones, is also under consideration for possible funding, the report added.
Reuters could not immediately verify the report. The White House, the Pentagon and the companies do not immediately respond to Reuters’ requests for comment.
Some proposals being discussed include funding via a mix of debt and equity that could give the government ownership stakes, the report says.
The Times of Israel Community.