Trump Media & Technology Group to Merge with Fusion-Energy Company TAE Technologies in $6 Billion Deal
Trump Media & Technology Group will merge with fusion-energy company TAE Technologies in a deal valued at roughly $6 billion, with approximately 50% ownership for each firm in the combined company.
The new board will consist of nine members, including Donald Trump, while Devin Nunes will serve as co-CEO alongside TAE's Michl Binderbauer.
Trump Media will provide $300 million in cash to TAE to support the advancement of its fusion-energy technology.
The merger aims to facilitate the construction of a utility-scale fusion power plant, with commercial power generation targeted by 2031.
Trump Media has diversified assets beyond its Truth Social platform, which remains relatively small; however, the group has reported losses and its stock has fallen about 60% this year.
Founded in 1998, TAE Technologies is one of several companies developing fusion energy, a form of nuclear energy that fuses atoms. Fusion energy remains at an early stage with no proven commercial reactors.
This deal aligns with U.S. government efforts to accelerate fusion research, including steps such as White House initiatives to deregulate nuclear-energy development and the Department of Energy's creation of an Office of Fusion aimed at speeding commercialization.
