Elon Musk Might Have Created a New Meme Stock: Drone Maker Soars

 

Hey everyone! So, it looks like Elon Musk might have just kicked off a new meme stock frenzy, and this one is all about drones.

 

 

Here’s the deal: Musk took to Twitter on Sunday to throw some shade at the F-35 fighter jet, calling it “broken” and “the worst military value for the money in history.” He posted some pics of unmanned drones in action, and boom—the stock price of Lockheed Martin (who makes the F-35, ticker: LMT.US) dropped by about 4% on Monday.

 

 

Then, what happened next is even more interesting. Enter Unusual Machines (UMAC.US), a tiny drone component manufacturer that saw its stock soar 34% on Monday and another 84.5% on Wednesday—talk about a rocket ride! By Wednesday, the stock was up 120% from Tuesday's close, hitting nearly $11.67 per share. You don’t see that every day.

 

 

And to fuel the hype further, none other than Donald Trump Jr. joined the company’s advisory board. Now, Unusual Machines is still pretty small, valued at around $70 million, but this whole Musk-Trump connection could make for an interesting stock play.

 

Musk has made it clear that he’s not a fan of traditional jets, and he’s all in on drones as the future of military tech. While the U.S. military’s stance is that jets are still more useful (faster, farther, more deadly), Musk seems to think drones are the next big thing. I’m all for new tech and innovation, but I’m not convinced drones will completely replace jets anytime soon.

 

Unusual Machines is still tiny, and their Q3 sales were only $1.5 million, up from nothing last year. So, there's still a long way to go before Unusual Machines could be a real industry leader.

 

What do you think? Is this the beginning of a real shift in military tech, or just a temporary spike fueled by memes and big names?