The government took stakes in a number of private companies during 2025, and it’s likely to continue making equity investments while Donald Trump remains in office. Whether or not this is a wise long-term strategy is an ongoing debate, with strong opinions on both sides. 

The practice represents a new industrial policy that’s meant to tie the executive branch of government closer to companies it considers essential to national security and economic prowess. The Trump administration hopes it’s a more robust approach than subsidy grants in rebuilding critical supply chains domestically, reducing reliance on China, and ensuring key industries remain under U.S. control. 

But it........

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