Trump Media & Technology Group (TMTG) announced a merger agreement with nuclear fusion energy company TAE Technologies, valued at over $6 billion. The all-stock transaction is expected to close in mid-2026. DJT shares jumped 42% yesterday, closing at $14.86, but are still down 57% year-to-date.
TAE Technologies, a nuclear fusion company that touts the ultimate clean energy source
TAE Technologies is a nuclear fusion energy company located in California, USA. Founded in 1998, it focuses on developing clean, safe, and commercially viable nuclear fusion technology (Fusion power, or nuclear fusion), touting it as the ultimate clean energy source that produces no long-term radioactive waste and has zero carbon emissions.
There are currently no commercially available fusion power plants, but it has the potential to generate abundant energy without the risks associated with nuclear power. According to its press release , TAE has built and safely operates five fusion reactors and has raised over $1.3 billion in private capital to date from institutions including Google, Chevron Technology Ventures, Goldman Sachs, Sumitomo Corporation America, NEA, the Edison Fisher family office, the Thunberg family, and Charles Schwab.
This move not only expands TAE's funding sources but also combines fusion energy with the energy needs of AI data centers, highlighting the role of fusion energy in future technological infrastructure.
AI data centers are experiencing a surge in electricity demand, reigniting nuclear energy revolution.
The merged company plans to begin construction next year on the world’s first utility-scale nuclear fusion power plant, followed by more plants.
Under the merger agreement, the two companies will each own 50% of the shares upon completion of the transaction. The transaction is expected to close by mid-2026, subject to regulatory and shareholder approval. Upon completion, Trump Media & Technology Group will become the holding company for companies including Truth Social, Truth+, Truth.Fi, TAE, TAE Power Solutions, and TAE Life Sciences.
The merged company will be led by a nine-member board of directors, including Devin Nunes, the current CEO of Trump Media, who will co-chair the new company with Michl Binderbauer, CEO and director of TAE. The board will also include Donald Trump Jr., the son of President Trump.
The surge in electricity demand from artificial intelligence data centers has reignited interest in cleaner and more reliable nuclear energy, including restarting closed reactors, expanding existing reactors, and signing contracts for future small modular reactors.
DJT jumped 42%, but is still down 57% year-to-date.
Trump Media primarily generates revenue through advertising on the Truth Social platform, but it has been operating at a loss since its inception. In the third quarter ending in September, the company's revenue declined, and it incurred a loss of $54.8 million.
Nunes stated that the merger aligns with Trump's media's "America First" principle and its strategy of seeking to leverage the potential of transformative technologies to deliver significant, long-term value creation and substantial social impact.
DJT shares jumped 42% yesterday to close at $14.86, but are still down 57% year-to-date.
This article, "Trump Media Acquires Nuclear Fusion Company, DJT Jumps 42%," first appeared on ABMedia, a ABMedia .
