❓WHAT HAPPENED: Trump Media and Technology Group (TMTG) announced a $6 billion merger with TAE Technologies to combine social media operations with nuclear fusion energy development.
👤WHO WAS INVOLVED: TMTG, led by Devin Nunes, and TAE Technologies, backed by Google and Chevron.
📍WHEN & WHERE: The merger is expected to be completed by mid-2026, with plans to begin building a fusion power plant next year.
💬KEY QUOTE: “Fusion power will be the most dramatic energy breakthrough since the onset of commercial nuclear energy in the 1950s—an innovation that will lower energy prices, boost supply, ensure America’s A.I.-supremacy, revive our manufacturing base, and bolster national defense.” – Devin Nunes
🎯IMPACT: The merger aims to address growing energy demands from AI technologies and establish U.S. dominance in clean energy innovation.
Trump Media and Technology Group (TMTG), the company behind President Donald J. Trump’s Truth Social platform, has revealed plans for a merger with TAE Technologies, a leading nuclear fusion energy developer, in an all-stock transaction valued at more than $6 billion. The deal aims to integrate TMTG’s social media platform with TAE’s advanced fusion research, with the combined company targeting a 2026 start to construction of a utility-scale fusion power plant.
Upon completion, shareholders of each firm will hold approximately 50 percent of the new entity on a fully diluted basis. TAE Technologies, supported by investors including Google and Chevron, works on affordable, clean fusion energy solutions to support surging power needs from artificial intelligence (AI) applications.
TMTG CEO Devin Nunes underscored the deal’s potential, saying, “Trump Media & Technology Group built uncancellable infrastructure to secure free expression online for Americans, and now we’re taking a big step forward toward a revolutionary technology that will cement America’s global energy dominance for generations.” He further noted that fusion could significantly reduce energy prices while enhancing national security.
The boards of both companies have approved the agreement, with closure anticipated in mid-2026. Nunes will co-lead the merged company as co-CEO with TAE’s Michl Binderbauer. The partnership targets the technology sector’s growing need for sustainable, reliable power amid rapid AI development.
Wedbush tech analyst Dan Ives observed that the merger establishes TMTG as a prominent force in fusion energy, commenting, “TAE will also clearly have major political support from President Trump in our view, and this importantly will create a major nuclear fusion US energy domestic bet over the coming years.”
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