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

Trump Media & Technology Group said on Thursday that it will merge with fusion-energy company TAE Technologies in a deal valued at more than $6 billion, a transaction the firms say could create one of the world’s first publicly traded fusion companies. The agreement ties a social media and payments platform operator to a developer of fusion energy technology, a move described by participants as a bold pivot into a new energy frontier. The combined company is expected to begin construction of what the partners call the world’s first utility-scale fusion power plant next year, with additional plants to follow. The deal is slated to close by mid-2026, pending regulatory and shareholder approvals.

Under the terms, the merged entity will be owned 50 percent by each parent and will be governed by a nine-member board. Trump Media’s chief executive, Devin Nunes, will serve as co-chief executive of the new company, and the group’s founder and the president’s son, Donald Trump Jr., is positioned for a leadership role within the board structure. The joint statement from the companies also notes that Trump Media will provide up to $200 million in cash to TAE Technologies at the time the deal is signed, with an additional $100 million available once the transaction has been registered.

TAE Technologies develops energy storage and power delivery systems for batteries and electric vehicles, and its umbrella organization TAE Life Sciences focuses on cancer therapies. The tie-up with Trump Media underscores a shift for the social platform operator, which has faced long-standing questions about its core business model and profitability. Nunes said the collaboration marks a big step toward a revolutionary technology that could advance American energy leadership and that Trump Media would bring capital and public-market access to help commercialize TAE’s technology. The companies note that TAE has raised more than $1.3 billion from investors that include Google and Goldman Sachs, underscoring strong backing for its fusion ambitions.

The fusion project comes as electricity demand from data centers used for artificial intelligence workloads has heightened interest in cleaner, more reliable nuclear power. Advocates point to fusion as a potential source of large amounts of energy with minimal long-lived radioactivity, though practical, commercial fusion remains in early stages. The joint venture emphasizes a broader push in energy policy and investment toward next-generation reactors, including discussions around restarting shuttered plants and expanding existing facilities, as well as smaller modular reactors.

Trump Media, which primarily earns revenue from advertising on the Truth Social platform, has reported revenue declines and ongoing losses in recent quarters. In the quarter ended September, the company posted a net loss that reflected operating costs and limited scale in its current business model while continuing to pursue growth in digital offerings and potential new lines of business. The fusion deal does not close the door on future product or service diversification by Trump Media, but regulatory clearance and shareholder approval will be crucial milestones before a merger completes. The arrangement positions a media company at the center of a high-stakes energy technology venture, with the potential to reshape both the profile of Trump-affiliated businesses and the composition of investor interest in fusion research.