Eric Trump-backed robot soldier startup can’t pay staff after founder borrowed $4.6 million from company to buy home
Workers missed paychecks after Foundation’s cash reserves dwindled, as Pathak’s $4.6 million company loan drew scrutiny over governance.
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Eric Trump-backed robot soldier startup can't pay staff after founder borrowed $4.6 million from company to buy home
Eric Trump-backed robot startup Foundation Future Industries has run low on cash and missed payroll, as CEO Sankaet Pathak faces scrutiny over a $4.6 million company loan.
A CNBC report described how Foundation Future Industries failed to pay a payroll on October 30 and left wages pending while Sankaet Pathak sought funding. It also collected questions about a $4.6 million loan that, according to people familiar with the company, would have received to buy a house. The report's information does not confirm the current status of the company as of November 14, 2026. *** According to the report, Foundation workers st…
According to CNBC, the Foundation Future Industries, of military robots supported by Eric Trump, did not pay salaries and seeks to raise resources
Eric Trump-backed robot soldier startup can’t pay staff after founder borrowed $4.6 million from company to buy home
Sankaet Pathak, CEO and founder of Foundation, a company that builds a humanoid robot Phantom-01, poses for a photo during an interview with Reuters at his company's factory in San Francisco, California, U.S., February 4, 2026. Aleksandra Michalska | ReutersFoundation Future Industries, a maker of military humanoid robots advised and backed by Eric Trump, failed…
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