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Yo_Mama_Been_Loggin

(132,865 posts) Thu Dec 11, 2025, 03:06 PM Dec 11

Snopes - DOD gave $620M loan to startup backed by Donald Trump Jr.'s venture capital firm

A startup company backed by Donald Trump Jr.’s investment firm received a $620 million loan from the U.S. Department of Defense.

Rating: True

Rumors circulated online in December 2025 that a startup company backed by Donald Trump Jr.'s venture capital firm was granted a $620 million loan from the U.S. Department of Defense (DOD).

Users on social media platforms like X (archived) and Facebook (archive) spread the purported news. Some users suggested the Trump administration was "the most corrupt administration in the history of America" due to the apparent conflict of interest of such a deal.

Link to tweet

The claim that a company backed by Trump Jr.'s investment firm, 1789 Capital, secured a $620 million loan from the DOD was true.

https://www.snopes.com/fact-check/donald-trump-jr-dod-loan/

16 replies

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Highlight:

Snopes - DOD gave $620M loan to startup backed by Donald Trump Jr.'s venture capital firm (Original Post) Yo_Mama_Been_Loggin Dec 11 OP

Shouldn't loan be in quotations lame54 Dec 11 #1

A "loan" and a "contract" are two different things AZJonnie Dec 11 #2

Their little adventure popsdenver Dec 11 #14

It used to be a firm needed to show proof of product and have history. TheBlackAdder Dec 11 #3

4 "1789 Capital"-backed companies have got $735 million of government contracts this year - Jr. is "very involved" muriel_volestrangler Dec 11 #4

WTF? malaise Dec 11 #5

With everyone, fired, with the wealthy, gifted, Zackzzzz Dec 11 #6

wait, according to dear leader magnets can be defeated with water! Javaman Dec 11 #7

I think that was batteries radical noodle Dec 11 #10

No. He thinks magnets don't work when they get wet. Wiz Imp Dec 11 #12

How did I miss that? radical noodle Dec 11 #16

Trump honestly believes popsdenver Dec 11 #15

I was getting ready to mention how water melts magnets just like the Wicked Witch KS Toronado Dec 11 #13

Don Jr. said it wasn't for cocaine. twodogsbarking Dec 11 #8

How long before the Wikipedia entry for 1789 is 'sanitized' ? eppur_se_muova Dec 11 #9

Good catch - this will all be rewritten I'm sure FakeNoose Dec 11 #11

lame54

(39,212 posts)

1. Shouldn't loan be in quotations

Reply to Yo_Mama_Been_Loggin (Original post)

Thu Dec 11, 2025, 03:10 PM

Dec 11

AZJonnie

(2,831 posts)

2. A "loan" and a "contract" are two different things

Reply to Yo_Mama_Been_Loggin (Original post)

Thu Dec 11, 2025, 03:43 PM

Dec 11

Sounds like Snopes is confirming there's a loan of $620M, but I wonder what the value and nature of "the contract" is i.e. what are they obliged to provide back to the taxpayers for the $620M loan? Is it just money they need to pay back, or do they have to like "provide 1M magnets to the DOD" type of thing?

Also, what happens if they take some % of the loan money (I can't imagine it's a $620M lump sum in advance, I have to think that's too corrupt even for Trump's Department of War), provide jack shit, and then declare bankruptcy, like countless "start-up" companies have done over the years, I wonder?

popsdenver

(1,562 posts)

14. Their little adventure

Reply to AZJonnie (Reply #2)

Thu Dec 11, 2025, 06:12 PM

Dec 11

is not designed to succeed, Just take the money as salaries and run on to the next grift.......scott free.......

Look at what Ivanka and Jared made away with during "their" distribution of PPE during Covid, and also Jared's treasonous gifts of U.S. Intel, along with all other countries Intel shared with us.... to the Saudi's for 2.2 BILLION DOLLARS.....

And all money Trump grifted from 2016 to 2024, is a drop in the bucket, compared to the un-fathomable fortune that Trump and Spawn have made grifting since Nov 6th.............

TheBlackAdder

(29,981 posts)

3. It used to be a firm needed to show proof of product and have history.

Reply to Yo_Mama_Been_Loggin (Original post)

Thu Dec 11, 2025, 03:47 PM

Dec 11

Now, it’s vaporware firms of friends and family.

muriel_volestrangler

(105,567 posts)

4. 4 "1789 Capital"-backed companies have got $735 million of government contracts this year - Jr. is "very involved"

Reply to Yo_Mama_Been_Loggin (Original post)

Thu Dec 11, 2025, 03:53 PM

Dec 11

It’s far from the first time Don Jr. has reaped the benefits of his daddy’s presidency. Vulcan is backed by the 1789 fund, where Trump Jr. sits on the board. Four of the companies in the 1789 fund’s portfolio have been awarded government contracts just this year, to the tune of more than $735 million overall, according to the FT.

According to Trump Jr., he plays a big role in where the fund spends its money: In February, he told the FT that he was “very involved in the strategic decisions regarding where to invest our resources” at 1789.

And just a few months ago, it was reported that the Pentagon awarded a contract to an obscure drone company—where Trump Jr. happened to be an adviser, with a multimillion-dollar stake, since November 2024.

https://newrepublic.com/post/203954/trump-jr-backed-company-pentagon-contract

Kaching! But Hunter Biden had a dick pic on his laptop ...

malaise

(292,817 posts)

5. WTF?

Reply to Yo_Mama_Been_Loggin (Original post)

Thu Dec 11, 2025, 03:55 PM

Dec 11

K & R for visibility

Zackzzzz

(263 posts)

6. With everyone, fired, with the wealthy, gifted,

Reply to Yo_Mama_Been_Loggin (Original post)

Thu Dec 11, 2025, 03:56 PM

Dec 11

With the corporate, welfare, who's left to pay for this venture.

Javaman

(65,115 posts)

7. wait, according to dear leader magnets can be defeated with water!

Reply to Yo_Mama_Been_Loggin (Original post)

Thu Dec 11, 2025, 05:22 PM

Dec 11

this is just crazy. I just don't know what to think anymore. please pass the victory gin!

do I really need to put the sarcasm thing?

radical noodle

(10,482 posts)

10. I think that was batteries

Reply to Javaman (Reply #7)

Thu Dec 11, 2025, 05:42 PM

Dec 11

although maybe magnets cause cancer like windmills do.

Wiz Imp

(8,994 posts)

12. No. He thinks magnets don't work when they get wet.

Reply to radical noodle (Reply #10)

Thu Dec 11, 2025, 05:57 PM

Dec 11

https://www.businessinsider.com/trump-magnets-iowa-rally-insane-clown-posse-meme-2024-1
Magnets, how do they work? Trump can't tell you.

"They had a $900 million cost over on these stupid electric catapults that didn't work. They had almost a billion dollar cost over on the magnetic elevators," he said. "Think of it, magnets. Now all I know about magnets is this: Give me a glass of water, let me drop it on the magnets, that's the end of the magnets."

That is, of course, not how magnets work. They work just fine underwater.

"They want to use magnets to lift up the elevators," Trump said in a July 2021 interview with a Princeton professor. "I said magnets will not work. Give me a cup of water, throw it on the magnets, you totally short out the system. They said, 'How did you know that?' I said, 'Because I know that.'"

It's unclear where Trump might have got the idea that magnets don't work underwater, but it is a common myth that results in numerous debunking articles after a simple Google search.

radical noodle

(10,482 posts)

16. How did I miss that?

Reply to Wiz Imp (Reply #12)

Thu Dec 11, 2025, 07:00 PM

Dec 11

I guess trying to tune him out has paid off in some weird way.

popsdenver

(1,562 posts)

15. Trump honestly believes

Reply to radical noodle (Reply #10)

Thu Dec 11, 2025, 06:15 PM

Dec 11

that magnets are not a matter of science, but, in truth, are "MAGIC"

KS Toronado

(23,060 posts)

13. I was getting ready to mention how water melts magnets just like the Wicked Witch

Reply to Javaman (Reply #7)

Thu Dec 11, 2025, 06:10 PM

Dec 11

I believe it because our current President is the smartest guy in the world, smarter than Albert Einstein.

twodogsbarking

(17,581 posts)

8. Don Jr. said it wasn't for cocaine.

Reply to Yo_Mama_Been_Loggin (Original post)

Thu Dec 11, 2025, 05:27 PM

Dec 11

eppur_se_muova

(40,989 posts)

9. How long before the Wikipedia entry for 1789 is 'sanitized' ?

Reply to Yo_Mama_Been_Loggin (Original post)

Thu Dec 11, 2025, 05:40 PM

Dec 11

Mission and investments

1789 Capital describes itself as promoting "patriotic capitalism", investing in companies that are "anti-woke" and "America First".[21][28][29][15] Malik has stated that the firm is only interested in companies that represent "entrepreneurship, innovation and growth", or "EIG", which he says means companies that have "no ESG or DEI components in them whatsoever."[14] The company's other focuses include "deglobalization" (referring to companies that are moving their production to the US and pulling away from production in other countries),[c] and the creation of a "parellel economy" of conservative businesses, in what Malik has characterized as an effort to "depoliticize" investment.[21][30][31][32][5] Malik has also said that the firm "represent[s] the silent majority."[11][d]

https://en.wikipedia.org/wiki/1789_Capital#Mission_and_investments

FakeNoose

(40,191 posts)

11. Good catch - this will all be rewritten I'm sure

Reply to eppur_se_muova (Reply #9)

Thu Dec 11, 2025, 05:55 PM

Dec 11

Junior has been kind of quiet these days. That's never a good sign....

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