Trump Media & Technology Group (TMTG), the company behind Trump’s Truth Social, is merging with TAE Technologies, a firm backed by Google, in a deal worth over $6 billion. This merger aims to create one of the world’s first publicly traded fusion energy companies.
Fusion power is an exciting method of generating energy through nuclear fusion reactions. It’s known for producing large amounts of energy with minimal radioactivity. The new company plans to kick off construction on a “utility-scale fusion power plant” next year, with more plants to follow.
After the merger, both companies will have equal shares. The deal is expected to finalize by mid-2026, pending approvals. Leadership includes Devin Nunes from TMTG, who will co-lead the new firm alongside Donald Trump Jr.
TAE Technologies specializes in energy storage and power delivery systems, especially for electric vehicles. They also work on technologies for treating cancer. This merger marks a significant shift for Trump Media, moving from social media into the energy realm.
Nunes described this partnership as a major step toward revolutionizing energy technology, claiming it could solidify America’s energy dominance for decades. He emphasized that fusion power could be the most significant energy breakthrough since the 1950s, stressing that Trump Media’s role is to provide the necessary funding and market access to make TAE’s technology commercially viable.
The agreement includes an initial cash injection of up to $200 million from Trump Media, with an additional $100 million available after the transaction is registered. The rising demand for electricity, particularly for AI data centers, has rekindled interest in cleaner nuclear power. This shift is leading to the revival of old reactors and new contracts for small modular reactors.
TAE Technologies has raised over $1.3 billion from various investors, including Google and Goldman Sachs. Meanwhile, Trump Media has faced financial challenges, posting a loss of $54.8 million in the last quarter, relying heavily on advertising revenue from Truth Social.
This merger is not just about money; it reflects a significant shift toward renewable energy solutions amid increasing global energy demands. The fusion technology journey may offer exciting possibilities for the future. You can read more about the state of fusion energy in this report.
