Trump Jr's Firm Secures $620M Defense Contract
Update: 2025-12-04
Description
Vulcan Elements, a rare-earth magnet startup backed by Donald Trump Juniors venture capital firm, secures a $620 million contract from the U.S. Department of Defense. This deal is part of a $1.4 billion partnership with the U.S. government and ReElement Technologies. The contract is the largest ever awarded by the Pentagons Office of Strategic Capital. Despite denials, the connection between Trump Juniors firm and government defense spending is growing, with at least four companies associated with the firm securing government contracts this year.
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