Trump Media & Technology Group (TMTG), owner of the social media platform Truth Social, has agreed to merge with TAE Technologies, a private fusion energy company backed by major investors, in an all-stock deal valued at more than $6 billion. The combined company is expected to be one of the world’s first publicly traded fusion power firms, with shareholders of both organizations owning roughly 50 % each once the transaction closes, currently targeted for mid-2026.
Under the terms of the agreement, TMTG will contribute cash to support TAE’s work advancing commercial nuclear fusion, and leadership teams from both organizations will jointly oversee the newly created entity. The merger aims to accelerate construction of a utility-scale fusion power plant — initially planned at around 50 megawatts — with larger facilities of 350–500 MW envisioned for the future, supporting high-demand applications such as artificial intelligence data centers.
The move marks a significant strategic pivot for Trump Media, which has struggled with profitability and limited revenue from its social media operations, and reflects broader industry interest in fusion as a potentially transformative clean energy source. TAE, founded in 1998 and backed by investors including Google and Chevron, has been developing fusion technology for decades but has yet to achieve commercially viable power output.
Source: Reuters — “Trump Media bets on fusion energy with $6 billion TAE deal” Reuters