Trump Media Merges with TAE Technologies in $6 Billion Fusion Deal
Trump Media & Technology Group has agreed to merge with TAE Technologies in an all-stock transaction valued at more than $6 billion. The deal combines the parent company of Truth Social with a leading nuclear fusion developer backed by investors including Google and Chevron. Shareholders of each company will own approximately 50% of the combined entity on a fully diluted basis.
TAE Technologies has developed fusion technology over more than 25 years, building and operating five research reactors. The company has raised over $1.5 billion in private funding to reduce reactor size, cost, and complexity. Fusion power replicates the sun’s energy production process, promising abundant clean electricity without radioactive waste or meltdown risks associated with fission.
The merger positions the combined company to address surging electricity demand from AI data centers. TAE plans to site and begin construction on the world’s first utility-scale fusion power plant in 2026, subject to approvals. Additional plants are anticipated to follow.
Trump Media will provide up to $200 million in cash to TAE upon signing and another $100 million after regulatory filings. Devin Nunes, current Trump Media CEO, and Michl Binderbauer, TAE CEO, will serve as co-CEOs of the post-merger company.
The transaction creates one of the first publicly traded pure-play fusion companies. Trump Media stock, trading under ticker DJT, rose significantly following the announcement. The deal requires regulatory approval and is expected to close in mid-2026.
Fusion energy could lower electricity costs and support U.S. leadership in AI infrastructure. TAE’s approach uses neutral beam systems for cost-effective applications in power generation and related fields.
This move diversifies Trump Media beyond social media and cryptocurrency ventures. The company reported a $54.8 million loss on limited revenue in its most recent quarter prior to the announcement.
