Shares of ASPI are jumping today after a report that the sons of Donald Trump — Eric and Don Jr — invested in the convertible notes of its subsidiary. Quantum Leap Energy is wholly owned by ASPI and raised about $64.3 billion, according to Bloomberg. Among those investors were Trump’s sons and naturally, shares of the parent company are up 20%.
The notes value the company at $400 million, which is about half of ASPI’s market cap, so it certainly moves the needle for the company. Quantum Leap Energy sounds like it might be related to quantum computing — which is a meme of its own — but it’s a uranium enrichment company.
Trump’s sons have also invested in rare earths and — no surprise — the government is wholly backing that industry. Another investment was in Hadrian, a company that builds factories for aerospace and defense manufacturers.
The report doesn’t say how much the sons invested but it’s clear we’re now in an India-like investment regime where the companies directly connected to the government’s family and friends make large gains and losses depending on the election results.
ASPI up 20%