Trump Media & Technology Group Announces $6B Merger with Fusion Energy Company, TAE Technologies
Trump Media & Technology Group has announced a groundbreaking $6 billion merger with TAE Technologies, creating one of the world’s first publicly traded nuclear fusion companies. This all-stock deal signifies a significant shift for the parent company of Truth Social into the clean energy sector.
As per the merger agreement, shareholders of each company will own approximately 50% of the combined entity. TAE Technologies, backed by Google and other major investors, specializes in nuclear fusion technology. This technology mimics the sun’s energy production process without generating long-lasting radioactive waste.
The merged company has plans to site and commence construction on the world’s first utility-scale fusion power plant (50 MWe) in 2026, subject to regulatory approvals. Devin Nunes, CEO of Trump Media, will serve as co-CEO alongside TAE CEO Michl Binderbauer. This deal represents a strategic bet on meeting the massive energy demands driven by artificial intelligence data centers.
Following the announcement, shares of Trump Media surged 35%, reversing a year-long decline of over 70%. The transaction is expected to close in mid-2026, pending shareholder and regulatory approvals.
Source: CNBC