Trump Media & Technology Group (TMTG), the parent company of Truth Social, has announced a $6 billion all-stock merger with TAE Technologies, a leading nuclear fusion firm. The merger aims to leverage zero-emission energy to drive advancements in artificial intelligence. Under the agreement, both companies will hold approximately 50% of the newly formed entity. TAE Technologies, which counts Google and Chevron among its backers, plans to access public markets through TMTG's financial resources. The deal includes an upfront payment of up to $200 million, with an additional $100 million to follow. The merged entity intends to construct a 50 MWe fusion power plant by 2026. Leadership will be shared between TMTG CEO Devin Nunes and TAE's Michl Binderbauer. The transaction is subject to shareholder and regulatory approvals, with completion expected by mid-2026.
Trump Media to Merge with TAE Technologies in $6 Billion Fusion Energy Deal
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