The Trump administration will invest $1.6 billion in Oklahoma-based USA Rare Earth, giving the government an equity stake that could exceed 15% as the White House continues its spree of investments in publicly traded companies.
Since Trump began his second term, the federal government has acquired ownership—or the right to purchase shares—in at least 10 companies. These include a “golden share” in Nippon Steel–owned U.S. Steel and becoming the largest shareholder in USA Rare Earth’s rival, MP Materials. The wave of dealmaking increasingly makes Trump the CEO-in-chief.
