Trump Media pivots to fusion energy with $6B AI-focused merger

Trump Media & Technology Group is making a significant strategic shift by merging with fusion energy startup TAE Technologies in a deal valued at over $6 billion. This all-stock merger will create one of the first publicly traded nuclear fusion companies, combining Trump Media’s social media platform Truth Social with TAE’s experimental clean energy technology. The new entity plans to build a utility-scale fusion power plant as early as next year, aiming to supply electricity to AI data centers, which have rapidly growing energy demands. TAE brings substantial scientific expertise and financial backing from major investors like Google, Chevron, and Goldman Sachs, having already developed five fusion reactors and raised over $1.3 billion in private funding. The merger has sparked concerns about conflicts of interest given the regulatory and public funding requirements of fusion energy, especially with Donald Trump owning about 41% of Trump Media stock. Critics warn that Trump’s involvement could complicate government oversight. The announcement coincides with regulatory moves to facilitate direct connections between tech companies’ data centers