Trump Media and Technology Group (TMTG), the company behind President Donald J. Trump’s Truth Social platform, has announced a $6 billion merger with TAE Technologies to combine social media operations with nuclear fusion energy development.
The all-stock transaction, valued at more than $6 billion, aims to integrate TMTG’s digital platforms with TAE’s advanced fusion research. The merged entity plans to begin construction of a utility-scale fusion power plant in 2025, with the deal expected to close by mid-2026.
TMTG, led by CEO Devin Nunes, and TAE Technologies—backed by investors including Google and Chevron—will create a new company where shareholders of each firm hold approximately 50 percent on a fully diluted basis. The merger targets growing energy demands from artificial intelligence applications while positioning the United States to lead in clean energy innovation.
In a statement, Nunes emphasized the strategic importance of fusion power: “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.”
Nunes will co-lead the merged company with TAE Technologies’ Michl Binderbauer. The partnership aligns with the technology sector’s need for sustainable power sources amid rapid AI development.
Wedbush tech analyst Dan Ives noted that the merger establishes TMTG as a significant force in fusion energy, adding: “TAE will also clearly have major political support from President Trump in our view, and this importantly will create a major nuclear fusion U.S. energy domestic bet over the coming years.”
