Shares of ASPI are leaping as we speak after a report that the sons of Donald Trump — Eric and Don Jr — invested within the convertible notes of its subsidiary. Quantum Leap Power is wholly owned by ASPI and raised about $64.3 billion, based on Bloomberg. Amongst these traders have been Trump’s sons and naturally, shares of the dad or mum firm are up 20%.
The notes worth the corporate at $400 million, which is about half of ASPI’s market cap, so it definitely strikes the needle for the corporate. Quantum Leap Power sounds prefer it is perhaps associated to quantum computing — which is a meme of its personal — but it surely’s a uranium enrichment firm.
Trump’s sons have additionally invested in uncommon earths and — no shock — the federal government is wholly backing that trade. One other funding was in Hadrian, an organization that builds factories for aerospace and protection producers.
The report does not say how a lot the sons invested but it surely’s clear we’re now in an India-like funding regime the place the businesses straight linked to the federal government’s household and associates make giant good points and losses relying on the election outcomes.
ASPI up 20%
