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
Uranium-enriching company jumps after Trump’s sons invest