"In the end, if we get more scrutiny because of the deal we did, I actually don't mind that,"
"It's perversely sounding, but I welcome it in a way because we let the technology speak."
"It's big, bold and fast. You make a big bet with boldness at heart, and it allows you to run really fast," he said. "I know our technology will succeed. Let it be adjudicated on a perhaps even deeper level. We need more energy; we need clean, scalable power."
Trump Media & Technology Group agreed to a $6 billion merger with nuclear fusion developer TAE Technologies that combines social media, cryptocurrency and fusion ambitions under one company. The deal followed a nearly 70% year-to-date decline in Trump Media stock and triggered a more than 40% jump, pushing market capitalization above $4 billion on Dec. 18. TAE does not plan to generate revenue from its first power plant until around 2031. TAE’s CEO said he welcomes scrutiny and believes accelerated investment can hasten clean, scalable fusion power. A government watchdog called the transaction an unethical cash grab and warned markets may be betting on political or federal support.
Read at Fortune
Unable to calculate read time
Collection
[
|
...
]