Trump Media Announces $6 Billion Merger With Fusion Power Developer TAE
President Donald Trump’s media company is taking a surprising detour from social media into the futuristic world of fusion energy.
Trump Media & Technology Group (TMTG), the company behind Truth Social, announced on Thursday that it will merge with fusion power developer TAE Technologies in an all-stock deal valued at $6 billion.
Under the agreement, shareholders of TMTG and TAE will each own roughly half of the combined company. The deal is expected to close in mid-2026, pending regulatory approvals. If completed, the merger would create, according to the firms, one of the world’s first publicly traded fusion power companies.
Fusion power meets capital muscle
The merger pairs TAE’s cutting-edge fusion technology with TMTG’s financial resources. TAE, a California-based startup backed by Google, Chevron, and Goldman Sachs, has spent over 25 years developing next-generation fusion reactors. The company has safely operated five reactors and holds more than 1,600 patents.
TMTG plans to provide $200 million in cash at signing, with an additional $100 million available upon regulatory filings. Devin Nunes, TMTG’s CEO, called the merger “a big step forward toward a revolutionary technology that will cement America’s global energy dominance for generations.”
He added that fusion power could “lower energy prices, boost supply, ensure America’s A.I.-supremacy, revive our manufacturing base and bolster national defense.”
“Recent breakthroughs have prepared us to accelerate capital deployment to commercialize our fusion technology,” said TAE CEO Michl Binderbauer, in a statement. “We’re excited to identify our first site and begin deploying this revolutionary technology that we expect to fundamentally transform America’s energy supply.”
Plans for the first fusion plant
The new company plans to begin construction in 2026 on what it calls “the world’s first utility-scale fusion power plant,” initially targeting 50 megawatts. Future plants could generate between 350 and 500 megawatts. The goal, according to TMTG and TAE, is to provide abundant, reliable, and carbon-free electricity, particularly to power the growing AI industry in the US.
The combined company will be led by co-CEOs Devin Nunes and Michl Binderbauer. TMTG chairman Donald Trump Jr. and Nunes, along with two TAE executives and five independent directors, will form a nine-member board. Michael B. Schwab of Big Sky Partners is expected to chair the board.
The merger also integrates TMTG’s media and financial assets, including Truth Social, Truth+, and Truth.Fi, under a broader corporate umbrella alongside TAE’s energy and life sciences divisions.
Wall Street reacted sharply to the news. CNBC spotted that shares of TMTG (trading under the ticker DJT) surged on Thursday, at one point jumping more than 30% as investors weighed the company’s shift from a media “minnow” into a potential energy giant.
For more on Trump’s expanding tech ambitions, read TechRepublic’s coverage of his newly announced US Tech Force, aimed at accelerating AI adoption across the federal government.
