From the article, if you want to be able to build rockets, planes and jets to defend your country and freedom... I'd say yes, the public will benefit from it. It appears this wealth fund is mainly protecting our interests in rare earths and critical minerals.
This is only true to the extent that it effectively accomplishes those goals. For example, taking a stake in Intel isn't categorically unacceptable but it's only a good use of taxpayer funds if it actually changes something positively for the company.
In this case, the question is going to be whether restarting tungsten production in Kazakhstan is a net defense win for the United States compared to investing in other countries like Canada, Australia, Bolivia, Spain, etc. or restarting mining in the United States. If it takes a while for that production to come online, or if China can disrupt something which is inside their sphere of influence, this deal doesn't help us nearly as much as it helps Cove Capital's investors.
Once the word 'freedom' is used in an article, I automatically default to the assumption it's propaganda that might sound ok to good. But really, it's against my interests.
