Trump Media and Technology Group, the company behind Truth Social, said it will merge with TAE Technologies in a deal valued at over $6 billion, marking a major shift into the fusion energy sector.
The companies said the merger will create one of the first publicly traded fusion energy firms. The combined group plans to start building its first utility scale fusion power plant in 2026, pending regulatory and shareholder approval.
Under the agreement, Trump Media and TAE will each own 50% of the new company. The board will include Trump Media CEO Devin Nunes, who will serve as co CEO, and Donald Trump Jr. The deal is expected to close by mid 2026.
TAE Technologies, backed by investors including Google and Goldman Sachs, has raised more than $1.3 billion and develops fusion energy as well as advanced power and battery technologies.
Trump Media will provide up to $200 million in cash at closing, with an additional $100 million available later. The move comes as demand for clean, reliable power rises sharply due to AI data center growth, while Trump Media continues to post operating losses.
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