Dominari Holdings Inc. (Nasdaq: DOMH) has published a letter to shareholders spotlighting the Dominari drone portfolio, the cluster of American drone companies the New York investment firm has helped finance and bring to public markets. The letter, dated June 2, 2026 and signed by Chief Executive Officer Anthony Hayes, frames drones as a defining feature of modern life, pointing to their use in package delivery, live sports coverage, and discussions of overseas conflict. The company said it is proud to play a part in building and supporting this growing American industry.
The firm traces its involvement back to Unusual Machines (NYSE American: UMAC), which Dominari worked with while the company was still private. Dominari served as lead underwriter on the company’s stock market debut, its first IPO as a firm, and has continued to back it through several follow-on offerings. Dominari described the relationship as one that began before UMAC ever rang the opening bell on the New York Stock Exchange. According to the letter, those raises helped Unusual Machines pass a $1.5 billion valuation at the close on May 29. Dominari also said UMAC was recently named among a small group of drone makers the Trump administration is reportedly weighing for direct government funding, with The Wall Street Journal describing talks that could involve a mix of debt and equity. Shares of the company jumped 50% after that report.
Government Backing Lifts American Drone Makers
The letter arrives as Washington pushes hard to expand domestic drone production. Two of Dominari’s partner companies were picked for the Phase II Qualifier of the U.S. Department of Defense’s Drone Dominance Program, a large defense effort built to field next-generation autonomous systems quickly. The program carries a stated goal of buying more than 200,000 drones by 2027 and was called a “presidential priority” in President Trump’s $1.5 trillion defense budget request for fiscal year 2027. That demand reflects how cheap, mass-produced aircraft built for swarm missions are reshaping military planning, and it has opened the door for smaller manufacturers that can deliver at scale. Officials have described the initiative as one of the largest efforts of its kind, designed to grow domestic manufacturing at speed while driving down unit costs.
Inside the Dominari Drone Portfolio
XTEND is set to go public through a proposed merger with JFB Construction Holdings (Nasdaq: JFB), and it was among the limited group invited to the Drone Dominance qualifier. The company plans to demonstrate its proprietary XOS operating system this summer at Camp Grayling, showing how human-guided autonomous operations can run across complex and contested environments. Powerus Corporation, which merged into Aureus Greenway Holdings (Nasdaq: PUSA), was likewise selected to compete with its MatrixFold multi-purpose attack drone, making Aureus Greenway another portfolio company in the roughly $1 billion Pentagon initiative. Both companies sit within the limited field invited to take part in the qualifier event.
The letter also breaks down the capital Dominari has helped raise for each business. Working through its investment bank, the firm guided Unusual Machines to a combined total near $245.5 million across an IPO and a series of follow-on deals, while Aureus Greenway reached about $50 million and JFB Construction roughly $53.9 million. Together, the Dominari drone portfolio companies have raised close to $349.4 million. The breakdown spans IPOs, private placements, registered direct offerings, and confidentially marketed public offerings completed over roughly two years. Dominari said it offers management support alongside capital, helping leadership teams operate under a leaner structure.
“The rise of the American drone industry is an important factor in our country’s new economy, and we are honored to be a part of that rise.” Anthony Hayes, CEO, Dominari Holdings Inc.
Dominari, which also runs wealth management, sales and trading, and asset management operations, said it views the growth of American drones as a central piece of the country’s new economy. The firm added that it continues to look beyond drones for new opportunities, including in the AI and data center sectors. Dominari thanked its shareholders and wished each portfolio company continued success as the sector keeps expanding.
