The Trump Boys had another winning week. Don Jr. and Eric each hold nearly 1.2 million shares in Dominari Holdings and serve on the firm's Advisory Board.
A Dominari press release detailed how the firm participated in the SpaceX stock rocket launch.
How many different ways will the boys profit from Dad's executive branch priorities? Let someone please count the ways.
Dominari Securities LLC, a wholly owned subsidiary of Dominari Holdings Inc. (Nasdaq: DOMH), is pleased to announce the successful launch and closing of the American Ventures Opportunity QP Series IV – SpaceX Fund, (hereinafter, the "Fund").The Fund successfully raised approximately $200,000,000.00 from qualified investors and deployed that capital to directly acquire 1,481,481 IPO shares of SpaceX at a price of $135.00 per share in what the Wall Street Journal called the smoothest IPO in recent history, as well as the largest IPO ever. Unlike many other banks that received little or no IPO share allocation, Dominari's allocation was significant, marking another milestone in the firm's private markets platform.In addition, Dominari and its affiliates had previously completed eight (8) pre-IPO investment rounds in both SpaceX and xAI, representing an aggregate investment of approximately $50,000,000.00, in addition to the approximate $200,000,000.00 raised in the IPO. The carried interest from these investments may eventually exceed $40,000,000.00 for Dominari and underscores the firm's ability to consistently source, structure, and execute differentiated private market opportunities.
Not only did Dominari have the gravitas to get in SpaceX when it was private, it garnered a significant allocation of the oversubscribed IPO.
How many different ways will the boys profit from Dad's executive branch priorities? Let someone please count the ways.
