Space-Eyes, a defense technology startup backed by Eric Trump, announced July 31, 2026, that it will go public via a merger [1].
The move signals an aggressive expansion of AI-powered defense systems into the public markets. By utilizing a special purpose acquisition company, the firm aims to raise significant capital to scale its operations and technological capabilities [2].
The company is merging with McKinley Acquisition Corp [1]. This transaction values the combined entity at approximately $638 million [1]. Based in New York, Space-Eyes focuses on the development of advanced defense technologies, leveraging artificial intelligence to enhance security, and surveillance capabilities [3].
Eric Trump, the son of former President Donald Trump, has provided backing for the startup [1]. The use of a SPAC—a shell company designed to take a private company public without a traditional initial public offering—allows the firm to bypass some of the lengthy processes associated with standard listings [2].
This capital infusion is intended to support the growth of the business as it competes in the high-stakes defense sector [2]. The company seeks to expand its reach and integrate more sophisticated AI systems into its product offerings [3].
“The transaction values the combined entity at approximately $638 million.”
The merger reflects a growing trend of defense startups utilizing SPACs to accelerate their entry into public markets. By securing a $638 million valuation, Space-Eyes positions itself to compete for government contracts and AI integration projects during a period of increased global spending on autonomous defense technology.
