Trump Media & Technology Group to Merge with Fusion-Energy Firm TAE Technologies in $6 Billion Deal
Trump Media & Technology Group (TMTG) announced plans to merge with fusion-energy firm TAE Technologies in a deal valued at more than $6 billion.
The merger will create a company with equal ownership split between TMTG and TAE, expected to be completed by mid-2026 pending regulatory and shareholder approvals.
The combined company aims to begin construction of the world's first utility-scale fusion power plant next year, with additional plants planned thereafter.
TAE Technologies specializes in energy storage and power delivery technology for batteries and electric vehicles, and through its TAE Life Sciences division, develops cancer treatments.
TAE has raised over $1.3 billion from investors including Google and Goldman Sachs.
Devin Nunes, chairman and CEO of TMTG, stated that the merger will advance fusion technology and provide capital and public-market access to commercialize TAE's technology.
