Eric Trump-backed defense technology company Space-Eyes to go public in $638 million SPAC deal, sources say

Defense technology company Space-Eyes has agreed to go public through a merger with special purpose acquisition company McKinley Acquisition Corp, in a deal valuing the combined business at $638 million, according to four people familiar with the matter.

President Donald Trump’s son Eric Trump has recently become the third-largest private investor in the original Space-Eyes, which has operated primarily as a research-and-development company and generated about $1 million in annual revenue, the people said.