"Under the terms of the agreement, Trump Media and TAE Technologies will each hold a 50 per cent stake in the combined business once the transaction completes, which is expected by mid-2026, subject to regulatory and shareholder approval. The new group plans to begin construction of what it claims will be the world's first utility-scale fusion power plant as early as next year, with additional facilities to follow."
"The merged company will be overseen by a nine-member board, including Trump Media chief executive Devin Nunes, who will serve as co-chief executive, and Donald Trump Jr. TAE Technologies' leadership team will also retain significant influence over the company's scientific and engineering direction. TAE Technologies, which counts Google and Goldman Sachs among its backers, has raised more than $1.3bn in private funding."
Trump Media & Technology Group will merge with fusion energy company TAE Technologies in a deal valuing the combined business at more than $6bn. The combined company will be 50/50 owned, with completion expected by mid-2026 subject to regulatory and shareholder approval. The new group plans to begin construction of what it claims will be the world's first utility-scale fusion power plant as early as next year. A nine-member board will oversee the company, with Devin Nunes as co-chief executive and Donald Trump Jr. involved. TAE has raised over $1.3bn and develops fusion research, energy storage, power delivery and life sciences technologies. Fusion power aims to replicate the sun's reactions for high output with minimal radioactive waste, and rising electricity demand from AI data centres and the need for low-carbon power have fuelled renewed interest.
Read at Business Matters
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