Elon Musk Might Have Created a New Meme Stock. This Drone Maker’s Shares Are Soaring.

Elon Musk Might Have Created a New Meme Stock. This Drone Maker’s Shares Are Soaring.·Barrons.com

The Trump name and Elon Musk’s preference for drones over traditional jet fighters helped send the shares of a drone maker into the stratosphere. Lockheed’s loss appears to be a gain for a tiny drone manufacturer: Unusual Machines The stock rose about 34% on Monday and continued to power ahead. Adding to the fervor was news Wednesday that Donald Trump Jr. agreed to become an advisor to the company.

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