"The merger - if it goes through - with President Trump's publicly traded media group will offer the first test of public markets' appetite for the tech. And it's a massive pivot for Trump Media, which saw a big share price bounce yesterday but remains down 56% this year. Ambitious plans: TAE hopes to start producing power by 2031 from a 50-megawatt reactor it plans to start building next year with new financing from the merger."
"Democrats wary: The deal "raises significant concerns about conflicts of interest and avenues for potential corruption," said Democratic Rep. Don Beyer, a fusion booster who co-founded the bipartisan House fusion energy caucus. His statement notes public funding for fusion R&D and says Trump has used federal power and taxpayer money to advance his family interests. Catch up quick: The deal will provide TAE, whose prior backers include Google, up to $200 million in cash at signing."
A proposed merger would provide TAE up to $300 million in financing and shift Trump Media toward an energy-only focus. TAE plans to begin building a 50-megawatt fusion reactor next year and aims to start producing power by 2031. Donald Trump Jr. will join the merged company's board. Democrats warned of conflicts of interest and potential corruption, citing public funding and past use of federal power to benefit family interests. TAE previously raised $1.3 billion from investors including Google and Chevron, generates revenue from power management and life sciences spinoffs, and has not ruled out seeking federal funding or announcing offtake deals.
Read at Axios
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