Trump Media to merge with fusion company TAE Technologies

Trump Media and Technology Group on Thursday announced a merger agreement with TAE Technologies, a privately held fusion power company, valued at more than $6 billion.

The all-stock deal, expected to close in mid-2026, will result in shareholders of each firm owning approximately half of the combined company.

Trump Media shares — which have plummeted more than 75% since their January highs — rocketed 25% higher in premarket trading.

The major pivot for Trump Media, which operates President Donald Trump‘s social media platform Truth Social, comes as America’s race against China for AI superiority has fueled a massive energy demand.

There are currently no commercial plants producing electricity using fusion, a futuristic technology that carries the potential to generate abundant energy without the risks associated with nuclear power.

The merger would create “one of the world’s first publicly traded fusion companies,” according to a press release.

Trump Media “has agreed to provide up to $200 million of cash to TAE at signing and an additional $100 million is available” upon signing a regulatory filing known as a Form S-4.

Trump Media chairman Devin Nunes and TAE CEO Dr. Michl Binderbauer will serve as co-CEOs of the combined company, according to the release.

The announcement shows Trump Media branching out even further following its expansion into the financial services sector early this year.

“Upon closing, Trump Media & Technology Group will be the holding company for Truth Social, Truth+, Truth.Fi, TAE, TAE Power Solutions and TAE Life Sciences, among others,” the companies said.

Trump indirectly owns more than 114 million shares of Trump Media. Before taking office in January, he transferred that majority stake to a revocable trust whose sole trustee is his eldest son, Donald Trump Jr.

After Trump Media merges with TAE, the combined company aims to build “the world’s first utility-scale fusion power plant … subject to required approvals.”

“Fusion power plants are expected to provide economic, abundant, and dependable electricity that would help America win the A.I. revolution and maintain its global economic dominance,” the companies said.

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