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US President Donald Trump has announced the merger of his social media firm with TAE Technologies. The all‑stock transaction, valued at over $6 billion, involves Trump Media and Technology Group (TMTG) and TAE, a privately held fusion energy company.
TMTG, best known for the Truth Social platform, said the combination will expand its focus beyond digital media and cryptocurrencies into the promising but still‑nascent fusion energy sector. Each company’s shareholders will own approximately half of the new business once the deal closes by mid‑2026. Devin Nunes, TMTG’s chief executive, will serve as co‑CEO alongside TAE’s Michl Binderbauer.
The merger announcement on December 18, 2025, described plans to begin construction next year on what both firms call the world’s first utility‑scale fusion power plant. Initial capacity for the plant is expected to be around 50 megawatts, with future facilities projected to generate between 350 and 500 megawatts of electricity.
The plant would be designed to supply the growing energy needs of data centers that support artificial intelligence applications, a market that is hungry for reliable power sources. Nunes said TMTG’s capital and access to public markets would accelerate TAE’s technology and help ensure US leadership in energy during the AI boom.
TAE Technologies, founded in 1998, has worked for decades to harness nuclear fusion, a process that fuses light atomic nuclei to release large amounts of energy similar to reactions in the sun. The company has built and operated five experimental reactors and has raised over $1.3 billion from investors, including Google, Chevron Technology Ventures, and Sumitomo Corporation of America.
Its latest devices use magnetic fields generated by rotating plasma to stabilize and heat the plasma, aiming to achieve more efficient fusion reactions. TAE also operates divisions focused on energy storage and life sciences, marketing a particle accelerator for targeted radiotherapy.
The wider fusion sector has attracted renewed interest as power demand surges, particularly from AI data centers and electrification initiatives. Only one experimental fusion device has demonstrated net energy gain, and other startups backed by investors such as Bill Gates and Sam Altman are racing to deliver commercial systems in 2030.
TAE says it has reduced reactor size and cost and sees its technology as a promising path toward delivering safe, economic electricity. The US Department of Energy recently released a “roadmap” to foster a private fusion industry, emphasizing the strategic importance placed on the technology.
Trump Media shares rose sharply after the announcement but remain far below their early‑2025 levels. Investors view the merger as a pivot toward a sector with long‑term growth potential, though there is significant risk given that no commercial fusion reactor has yet generated more energy than it consumes.
TMTG reported a loss of $54.8 million on revenue under $1 million in its latest quarter, while its assets, largely tied to cryptocurrency holdings, are estimated at $3.1 billion. The merger agreement stipulates that TMTG will provide $200 million in cash at signing and an additional $100 million when the registration statement is filed, financing that will support TAE’s operations until the merger closes.
The combined company will oversee the Truth Social platform, TAE Power Solutions, and TAE Life Sciences. Supporters argue that the deal brings together political influence, public market access, and cutting‑edge science.
Both firms still need regulatory and shareholder approvals before the transaction can proceed. If the construction begins as planned in 2026, the project would mark a significant step toward commercial fusion power and could reshape the energy sector.
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