Donald Trump Jr. says investment firm 1789 Capital remains firmly behind Elon Musk’s ventures—despite a recent public spat between Musk and his father, President Donald Trump.
Speaking to Bloomberg TV on Tuesday, Trump Jr., a partner at 1789 Capital, said political disagreements won’t affect their financial support for Musk’s companies. “There are going to be political differences,” he said. “I love Elon as an innovator.”
Founded by Omeed Malik, 1789 Capital focuses on the so-called “parallel economy”—businesses that align with conservative values and challenge what they see as mainstream corporate culture. The firm has invested over $50 million into Musk’s ventures, including SpaceX, xAI, and Neuralink. Malik also confirmed an investment in X, the platform now merged with xAI.
The backing remains intact despite tensions between Musk and President Trump, who exchanged increasingly personal jabs on X after Musk pulled out of a Trump-led initiative to cut federal spending under the “Department of Government Efficiency.”
“I’m long on Elon. Our fund is long on Elon,” Malik said. “The ‘Elon Index,’ as I call it, is real—and these companies are succeeding regardless of any personal disputes.”
The comments come as 1789 Capital prepares to take another “anti-woke” brand public. GrabAGun, an online firearms and ammunition retailer, will debut Wednesday on the New York Stock Exchange via a merger with a Malik-run blank-check company. It will trade under the ticker symbol PEW.
The deal raised $179 million in gross proceeds, and Trump Jr. is expected to join the board of the newly combined company—another addition to the firm’s growing portfolio of politically aligned businesses.
