Trump media set to merge with nuclear power company in $6 billion deal
Trump Media to merge with TAE Technologies. Here’s what it means
- Trump Media and Technology Group (TMTG) announced a $6 billion merger with nuclear fusion power company TAE Technologies.
- The deal, expected to close in mid-2026, aims to combine TMTG's capital with TAE's fusion technology to create one of the world's first publicly traded fusion companies.
- Following the announcement, shares in Trump Media jumped 35%, after having dropped nearly 70% since going public in March 2024.
- Donald Trump, who owns approximately 58% of Trump Media, has not yet publicly commented on the agreement.
- The combined entity will be co-led by Devin Nunes and Dr. Michl Binderbauer, aiming to secure energy dominance and provide clean, affordable power.