The Tech Billionaires Behind Trump’s Greenland Push
Silicon Valley oligarchs like Peter Thiel and Marc Andreessen have much to gain from Donald Trump’s seizure of Greenland, both as a source of rare earth minerals to feed the AI boom and as a site for a libertarian “crypto state.”
Donald Trump wants Greenland as a gift to his tech oligarch donors, who would depend on the administration to weaken its restrictions against both mining and private property.(Lokman Vural Elibol / Anadolu via Getty Images)
President Donald Trump started his second term with his sights set on Greenland.
When Trump first proposed buying the arctic nation during his first administration, it was treated like a joke. But in a phone call last week with Denmark’s prime minister, who controls the autonomous territory’s foreign policy, the president doubled down on his efforts to seize power. In the “aggressive and confrontational” conversation, Trump threatened tariffs if he didn’t get his way. In a news conference earlier this month, he also refused to rule out the use of military force. Now Denmark is taking him seriously: on Monday, it announced a $2 billion military expansion in the Arctic.
Though the island is not for sale, the president emphasizedGreenland’s importance to US national security. Left unspoken: a US takeover could weaken the country’s mining laws and ban on private property, aiding Trump donors’ plans to profit from the island’s mineral deposits and build a libertarian techno-city.
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