Eric Trump-backed defense technology company Space-Eyes will go public in a $638 million SPAC deal. This was reported by Qazaqyia.kz citing Reuters.

According to sources, the company plans to go public through a SPAC (Special Purpose Acquisition Company). The deal is valued at $638 million. This move will allow Space-Eyes to expand its defense projects.

SPAC deals have become increasingly popular in recent years as they allow companies to go public faster than traditional IPOs. This move by Space-Eyes may generate significant market interest.