Yes, really. Here are the receipts.
1789 Capital, co-founded by Donald Trump Jr., invested in Vulcan Elements. After the 2025 inauguration, Vulcan won a $1.4B Pentagon contract, prompting watchdogs to warn Trump Jr. profits from contracts approved by his father's administration.
Officials say the Vulcan loan arrived flagged as a White House priority, compressing a vetting process that normally takes many months into weeks. How the request reached the Pentagon's Office of Strategic Capital...
The $620 million DOD loan — part of a $1.4 billion magnets package — is the largest financing in the Office of Strategic Capital's history, awarded to a 30-person startup. What Trump Jr.'s spokesperson says about his role...
The Financial Times counts at least four 1789 portfolio companies winning administration contracts worth over $735 million in a single year. The drone startup that got its deal just weeks earlier...
Original reporting: the Financial Times broke the contract story; the pieces above credit and link it.