Trump donors eye potential bonanza if US succeeds with Greenland land-grab
Among those who have invested millions in KoBold Metals, a mining company at the leading edge of Greenland’s “modern gold rush” for rare minerals essential to tech companies, are major Trump donors such as Meta’s Mark Zuckerberg, OpenAI’s Sam Altman, Amazon’s Jeff Bezos and other Silicon Valley moguls.
The top investor in Critical Metals Corp, which has a mining permit in Greenland, is the hedge fund Cantor Fitzgerald, which Trump’s commerce secretary, Howard Lutnick, led until January. Critical Metals’ other top institutional investors include Vanguard, BlackRock, Geode Capital and State Street – companies that have amassed $314m in Trump Media stock, much of it purchased just ahead of the election.
Among the Greenland bids’ loudest supporters are crypto tycoons who poured unparalleled sums of money into 2024 Trump and Republican campaigns while labeling Greenland an “investment frontier” where data centers essential to the US artificial intelligence and crypto currency industries could be built. Some of the same donors also want to establish a largely autonomous libertarian utopian “post state” for the tech elite in Greenland that could be used to practice “terraforming” for a Mars colony.
The group behind the “state”, Praxis, labels its members “optimistic pioneers”, but critics say it is a colonialist operation aimed at plundering wealth and resources from a weak nation still linked to Denmark – its colonial power. Regardless, Praxis is already backed by $525m and includes members of or donors to the Trump administration, such as the PayPal co-founder Ken Howery, who was nominated for ambassador to Denmark.
https://www.theguardian.com/us-news/2025/apr/15/trump-greenland-donors-investors-finance
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