President Donald Trump‘s administration has made a habit of taking equity stakes in American industries it deems strategically critical, Intel Corp. (NASDAQ:INTC), rare earth mining companies like MP Materials (NYSE:MP) and others have already seen the government show up as a part-owner rather than just a customer. 

Now drones are next.

ONDS stock is soaring. See the chart and price action here. 

A Wall Street Journal report published Wednesday revealed the administration is in active talks to extend that same playbook to domestic drone manufacturers, with the Pentagon’s Office of Strategic Capital leading discussions on a mix of debt and equity financing for select U.S. drone firms. 

The goal is straightforward: accelerate domestic production, cut costs, and reduce dependence on Chinese-made drone components and supply chains before a potential flashpoint forces the issue.

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The policy foundation is already in place. 

Trump signed the “Drone Dominance” executive order in June 2025, making mass autonomous drone deployment a presidential priority. 

The FY2027 defense budget backs it with tens of billions ...