"Trump Media & Technology Group ( ) - owner of President Trump's Truth Social platform - announced a shocking, all-stock merger agreement this morning with privately held nuclear fusion company TAE Technologies in a deal valuing the combined businesses at more than $6 billion. With shareholders of each company expected to own approximately 50% of the merged entity, the transaction is expected to close in mid-2026, subject to approvals."
"Following the announcement, Trump Media shares are surging 37% in early trading today as the merger aims to create one of the world's first publicly traded fusion companies. It would position the combined firm to build utility-scale fusion power plants, with the first one beginning construction next year. Trump Media CEO Devin Nunes and TAE CEO Michl Binderbauer will serve as co-CEOs."
An all-stock merger will combine Trump Media & Technology Group and TAE Technologies into a company valued at over $6 billion, with each firm's shareholders owning roughly half. The transaction is slated to close in mid-2026 pending approvals. Trump Media shares jumped 37% on the announcement. The merged firm plans to pursue utility-scale fusion power plants, with construction on the first plant expected to begin next year. Devin Nunes and Michl Binderbauer will act as co-CEOs. Truth Social has a relatively small, politically aligned user base and faces challenges expanding beyond that audience. TAE has pursued fusion since 1998.
Read at 24/7 Wall St.
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