Trump Media is merging with fusion power company TAE Technologies in $6B+ deal

President Donald Trump’s societal media company, Trump Media and Technology Group (TMTG), said connected Thursday that it’s merging with TAE Technologies, a Southern California-based institution that has been chasing the imagination of fusion powerfulness for astir 30 years.

The all-stock transaction, valued astatine much than $6 billion, would grow Trump Media’s beingness into the nascent fusion powerfulness abstraction portion information centers clamor for much energy amid the ongoing AI boom.

TMTG is the genitor institution of Truth Social, the microblogging level that the president spun up aft helium was banned from platforms similar YouTube, Twitter, and Facebook successful the aftermath of the January 6 attacks connected the U.S. Capitol. At launch, the president called it “a rival to the wide media consortium,” and said helium wanted to “fight backmost against the Big Tech companies.”

TMTG went nationalist past twelvemonth via a merger with a special-purpose acquisition company (SPAC), a method utilized to spell nationalist by backstage companies that privation to rise wealth rapidly but aren’t yet mature capable to instrumentality the accepted IPO route. In the 4th ended September 30, 2025, TMTG reported that it recorded a nonaccomplishment of $54.8 cardinal connected gross of $972,900, down .

Truth Social and the company’s streaming level person failed to make overmuch revenue, but TMTG has nevertheless managed to amass $3.1 cardinal successful assets, mostly done its cryptocurrency investments and partnerships.

TMTG CEO Devin Nunes, formerly a enactment congressman, stated that the company’s acquisition of TAE would “cement America’s planetary vigor dominance for generations.” The companies said they program to tract and statesman operation connected “the world’s archetypal utility-scale fusion powerfulness works (50 MWe)” adjacent year, and person plans for much fusion plants “expected to beryllium 350 – 500 MWe.”

But the way guardant for fusion powerfulness remains uncertain.

Currently, lone 1 experimental instrumentality has proven that controlled fusion reactions tin make much powerfulness than they consume. Several different companies, including Bill Gates-backed Commonwealth Fusion Systems and Sam Altman-backed Helion, are successful the contention to enactment fusion powerfulness connected the grid sometime successful the aboriginal 2030s.

If 1 oregon much fusion startups succeed, they could present gigawatts of clean, continuous powerfulness to the grid utilizing thing much than hydrogen isotopes filtered from seawater. Inside a fusion reactor, those isotopes are heated and compressed until they crook into a plasma. When particles successful the plasma collide, they merge to signifier a new, heavier atom portion releasing tremendous amounts of heat, which tin beryllium harvested to make electricity.

TAE has been moving connected a scope of fusion devices since the precocious 1990s. The institution has raised astir $2 cardinal successful total, including a caller $150 cardinal circular from existing investors including Google, Chevron Technology Ventures, and New Enterprise. The institution has been valued astatine astir $1.8 billion, according to PitchBook.

Over the years, TAE has struggled to marque its assorted designs work. Its latest effort uses magnetic fields generated by rotating plasma to stabilize the plasma itself. Particle beams bombard the extracurricular of the plasma cloud, helping it to spin.

In the meantime, TAE has besides created a caller part focused connected the beingness sciences. It is selling a mentation of its particle accelerator arsenic a radiation attraction for cancer.

After the merger, Nunes and TAE CEO Dr. Michl Binderbauer volition service arsenic co-CEOs of the combined company.