"TMTG on Thursday announced a merger agreement with fusion power firm TAE Technologies that will see the pair combine under the Trump banner with an arguably impossibly ambitious goal of breaking ground on a utility-scale fusion power plant in 2026. The deal, which the pair said is an all-stock transaction valued at $6 billion, isn't even supposed to close until the middle of next year."
"TAE has been chasing commercial fusion for roughly 27 years - nearly long enough for it to have existed for an entire cycle of the long-standing joke that fusion energy is always 30 years away. The company is working on a fusion generator that uses an approach known as field-reversed configuration (FRC), which the company claims has the potential to be more efficient than the donut-shaped tokamak reactors being chased by many other fusion startups."
Trump Media and Technology Group plans to merge with fusion firm TAE Technologies in an all-stock transaction valued at $6 billion, aiming to break ground on a utility-scale fusion power plant in 2026. The deal is not expected to close until mid-2026. Devin Nunes said the move builds on uncancelable infrastructure and claimed fusion power will lower energy prices, boost supply, ensure AI supremacy, revive manufacturing, and bolster national defense. Commercial fusion remains unproven and hinges on TAE converting lab experiments into an operational power plant. TAE has pursued fusion for roughly 27 years and is developing a field-reversed configuration generator; it claimed its Norm machine produced hot, stable FRC plasma with reduced complexity.
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