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Vulcan Elements Soars to $2B Amid Trump Family Controversy

3/21/2026

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Summary

Story summary

Vulcan Elements' valuation rose from $200 million to $2 billion, driven by investments from the U.S. President Donald Trump's administration and Donald Trump Jr.'s 1789 Capital.
The Defense Department provided Vulcan Elements with a $620 million loan and $50 million in CHIPS Act incentives.
Democratic senators allege conflicts of interest and demand transparency over investments, including profits to the Trump family totaling over $70 million.

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Story summary

Vulcan Elements' valuation rose from $200 million to $2 billion, driven by investments from the U.S. President Donald Trump's administration and Donald Trump Jr.'s 1789 Capital.
The Defense Department provided Vulcan Elements with a $620 million loan and $50 million in CHIPS Act incentives.
Democratic senators allege conflicts of interest and demand transparency over investments, including profits to the Trump family totaling over $70 million.