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Trump Media and Technology GroupTruth Social’s parent company announced a $6 billion merger with nuclear fusion energy company TAE Technologies.
Truth Social has served as a megaphone for Donald Trump, the platform where the President unveils major White House announcements and pitches his Many widespread delirium. By June, Trump largely owned 58 percent – or 114,750,000 shares – of his nominated media company, which Goes public in March 2024,
The president has not yet spoken publicly about the agreement.
The deal is expected to close in mid-2026, the companies said Thursday. The press release said it would combine Trump Media’s “significant capital” with TAE’s “leading fusion technology” to create “one of the world’s first publicly traded fusion companies.”
From January to Wednesday, shares of Trump Media had fallen nearly 70 percent. Shares jumped 35 percent after the merger was announced.
Shareholders of each company will own approximately 50 percent of the combined company, according to the release. The transaction was approved by the boards of directors of both companies.
“Trump Media & Technology Group has built the indispensable infrastructure to secure free expression online for Americans, and now we’re taking a big step toward a revolutionary technology that will cement America’s global energy dominance for generations,” Trump Media CEO Devin Nunes said in a statement.
Fusion power “will lower energy prices, boost supply, ensure America’s AI-dominance, revitalize our manufacturing base, and strengthen national defense,” Nunes added.
Nunes and TAE’s current CEO Dr. Michel Binderbauer will serve as co-CEOs of the combined company.
Binderbauer said in a statement: “Our talented team, through their commitment and dedication to science, is poised to solve the enormous global challenge of energy scarcity. At TAE, recent successes have prepared us to accelerate capital deployment to commercialize our fusion technology. We are excited to identify our first site and deploy this revolutionary technology that we expect to fundamentally transform America’s energy supply.”
Since going public in March 2024, Trump Media has amassed $3.1 billion in assets, including restricted cash, short-term investments, traded securities and digital assets, the company said.
Trump Media has agreed to provide up to $200 million in cash to TAE upon closing of the deal.
TAE has built and safely operated five nuclear fusion reactors. Fusion Power Co. has raised $1.3 billion in private capital from Google, Chevron Technology Ventures, Goldman Sachs and others.
For decades researchers have been considering how to harness fusion power to create energy. According to the International Atomic Energy Agency, fusion could generate “about four million times more energy than burning oil or coal.”
If used on an industrial scale, the technology could be used as an alternative to power sources that caused the climate crisis and has the potential for “virtually unlimited clean, safe and affordable energy to meet the world’s demand”.
In October, the Department of Energy unveiled a “roadmap” for fusion technology in the US, with the goal of “moving the growing fusion private sector industry in the US towards maturity at the fastest possible time”.