Trump Media and Technology Group to Merge with Fusion Firm TAE Technologies in $6 Billion Deal
On 18 December 2025, Trump Media and Technology Group (TMTG), owner of Truth Social, announced a merger with fusion power company TAE Technologies in a transaction valued at more than $6 billion. The newly merged entity is planned to be approximately 50% owned by TMTG and 50% by TAE, with deal completion targeted for mid-2026.
A key objective of the merger is to build the world’s first utility-scale fusion power plant in 2026, aimed at powering artificial intelligence datacenters. This strategic move highlights a renewed interest in nuclear fusion as a clean energy source capable of meeting growing power demands associated with AI technology.
As a result of the announcement, TMTG shares rose about 22% in early New York trading. TAE Technologies, backed by major investors including Alphabet's Google and Chevron, focuses on neutral beam systems for fusion and related applications.
Financially, Trump Media & Technology Group reported third-quarter sales of $927,900 alongside losses widening to $54.8 million from $19.2 million a year earlier. The leadership of the combined company will include Devin Nunes, chairman and CEO of TMTG, who is set to serve as co-CEO alongside Michl Binderbauer. The boards of both companies have approved the merger.
