Trump Media to merge with fusion-energy firm in $6 billion deal

Trump Media & Technology Group and fusion-energy company TAE Technologies announced a merger in a joint statement issued Thursday. The deal is valued at more than $6 billion and would create one of the world's first publicly traded fusion companies. The combined group aims to start construction of the world's first utility-scale fusion power plant next year, with additional plants to follow, subject to regulatory and shareholder approvals. After completion, each firm would own 50% of the new company, and the nine-member board would include Trump Media's chief executive Devin Nunes as co-chief executive and the president's son Donald Trump Jr.

TAE Technologies provides technology for energy storage and power delivery systems for batteries and electric vehicles. Its umbrella organization, TAE Life Sciences, develops technologies and drugs for treating cancer.

Nunes said the partnership would bring capital and public-market access to help commercialize TAE's technology and advance American energy leadership, according to the joint statement.

As part of the agreement, Trump Media will provide up to $200 million in cash to TAE at closing, with an additional $100 million available once the transaction has been registered.

TAE Technologies had raised more than $1.3 billion from investors including Google and Goldman Sachs.

Trump Media, which generates most of its revenue from advertising on Truth Social, has posted losses, including a $54.8 million loss in the third quarter.

Surging electricity demand for AI data centers has revived interest in cleaner nuclear power, including restarting shuttered reactors, expanding existing ones and pursuing small modular reactors. The deal signals a bold shift for Trump Media as it moves from social media and financial offerings into the energy sector.

Completion is expected by mid-2026, subject to regulatory and shareholder approvals.