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$10 bn and counting: Trump admin snaps up stakes in pvt firms
Business Standard
|November 26, 2025
Trump administration snaps up ownership shares of private companies
The Trump administration is snapping up ownership shares of private companies it deems essential to national security.
It is an unusual new strategy that has already committed more than $10 billion in taxpayer funds and shows little sign of slowing.
The government's growing portfolio of corporate ownership involves minority stakes, or the option to take them in the future, in at least nine companies involved in steel, minerals, nuclear energy and semiconductors, a New York Times analysis found.
The effort appears mostly driven by national security concerns, particularly a desire for the government to prop up strategic industries and lessen America’s reliance on foreign countries like China for key resources.
This story is from the November 26, 2025 edition of Business Standard.
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