Trump administration considers taking equity stakes in domestic drone firms. ONDS, UMAC, RCAT and AVAV stocks soar.

Unusual Machines soaring 33%, Red Cat up 13%, AeroVironment up 8%...

Drone stocks surged Thursday on a report the Trump administration is in talks to fund several firms, including one in which Donald Trump Jr. is a shareholder.

Trump administration considers taking equity stakes in domestic drone firms. ONDS, UMAC, RCAT and AVAV stocks soar.

Ondas shares are surging Thursday morning as traders lean into defense-and-drones optimism and a risk-on pocket of small-cap momentum.