Trump Media is merging with fusion power company TAE Technologies in $6B+ deal

President Donald Trump’s social media company, Trump Media and Technology Group (TMTG), is merging with TAE Technologies, a Southern California-based fusion power company, in an all-stock deal valued at over $6 billion. This merger will expand TMTG’s business into the emerging fusion energy sector, which is gaining attention amid rising electricity demands from data centers driven by the AI boom. TMTG, known for its Truth Social platform, went public last year via a SPAC but has struggled to generate significant revenue, though it holds $3.1 billion in assets primarily from cryptocurrency investments. TMTG CEO Devin Nunes emphasized that acquiring TAE would help secure America’s energy dominance for generations. TAE Technologies has been pursuing fusion power for nearly 30 years, developing devices that use magnetic fields and rotating plasma to stabilize fusion reactions. Despite raising nearly $2 billion from investors including Google and Chevron, the company has yet to achieve commercial fusion power. The merged company plans to start building