Company supported by Donald Trump Jr.’s company secures $620 million federal contract
Vulcan Elements Lands Major Defense Contract
Vulcan Elements, a startup specializing in rare-earth magnets and supported by Donald Trump Jr.’s venture capital firm 1789 Capital, has been awarded a $620 million deal from the U.S. Department of Defense, according to the Financial Times.
This agreement is part of a broader $1.4 billion collaboration with the U.S. government and ReElement Technologies, aimed at strengthening and expanding the domestic production of magnets, the company stated.
Donald Trump Jr. became a partner at 1789 Capital in 2024. Bloomberg reports that the firm invested in Vulcan Elements approximately three months ago. Earlier, in August, Vulcan Elements secured $65 million in Series A funding, led by Altimeter Capital.
The Financial Times noted that this contract is the largest ever issued by the Pentagon’s Office of Strategic Capital. So far this year, at least four companies backed by 1789 Capital have secured government contracts. The firm also counts SpaceX and Anduril—both established government technology suppliers—among its investments.
Both Vulcan Elements and a representative for Trump Jr. told the Financial Times that he was not involved in the contract discussions, with the spokesperson clarifying that Trump Jr. “had no involvement in negotiations with the government on behalf of 1789’s portfolio companies.”
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The Enduring Insights of R.W. McNeel and How They Apply to Today’s Cryptocurrency Investment
- R.W. McNeel's 1927 investment principles, mirroring Buffett's value-driven philosophy, emphasize intrinsic value, emotional discipline, and long-term utility—critical for volatile crypto markets. - The 2025 MMT token surge exemplifies behavioral biases like FOMO and overconfidence, aligning with McNeel's warnings against herd mentality and speculative frenzies. - McNeel's framework advocates assessing crypto projects by utility and governance rather than hype, offering strategies like intrinsic value foc

Long-Term Care and Dementia-Oriented Stocks: A Tactical Safeguard Against Rising Healthcare Expenses
- Global aging drives healthcare cost inflation, with U.S. dementia expenses hitting $781B in 2025, straining Medicare/Medicaid programs. - Long-term care ETFs like HTEC and HEAL outperform as health tech innovation addresses rising demand for remote monitoring and AI diagnostics. - Dementia-focused equities (Anavex, AbbVie) show resilience amid $7.7B market growth projections, aligned with aging demographics and policy reforms. - Strategic investments in care-tech and pharmaceuticals offer inflation hedge

CryptoCap Charts Reveal 4 Key Turns as Decline Slows Near the Lower Band

Top 5 Memecoins Set for December Surge — Potential 10x–100x Gains Before Year-End
