In a major corporate move, the parent company of former US President Donald Trump's social media platform, Truth Social, has agreed to a multi-billion dollar merger with a nuclear fusion power firm.
A $6 Billion Deal to Forge a Fusion Powerhouse
Trump Media and Technology Group (TMTG) and TAE Technologies announced a $6 billion deal on Thursday, 18 December 2025. The agreement, set to close in mid-2026, aims to combine TMTG's financial resources with TAE's advanced fusion technology to establish one of the world's first publicly traded companies in the fusion energy sector.
The merger was approved by the boards of both companies. Upon completion, shareholders of each firm will own roughly 50% of the combined entity. TMTG's CEO, Devin Nunes, and TAE's current CEO, Dr. Michl Binderbauer, are slated to serve as co-CEOs of the new company.
Strategic Aims and Market Reaction
In a press release, Devin Nunes framed the merger as a strategic extension of TMTG's mission. "Trump Media & Technology Group built uncancellable infrastructure to secure free expression online for Americans, and now we’re taking a big step forward toward a revolutionary technology that will cement America’s global energy dominance for generations," he stated. Nunes claimed fusion power would lower energy prices, boost supply, and bolster national defence.
The announcement triggered a sharp rebound for Trump Media's stock. After shares had fallen nearly 70% from January through to Wednesday, they surged by 35% following news of the merger. According to the company, TMTG, which went public in March 2024, has amassed $3.1 billion in assets.
Fusion Technology and Financial Details
TAE Technologies is a significant player in the pursuit of commercial nuclear fusion, having built and safely operated five fusion reactors. The company has raised $1.3 billion from prominent private investors, including Google, Chevron Technology Ventures, and Goldman Sachs.
Fusion energy, which replicates the sun's power-generating process, promises a nearly limitless source of clean energy. The International Atomic Energy Agency notes it could generate millions of times more energy than burning fossil fuels, offering a potential solution to the climate crisis.
As part of the deal, Trump Media has agreed to provide up to $200 million in cash to TAE at closing. Donald Trump, who owns approximately 58% (around 114.75 million shares) of TMTG, has not publicly commented on the agreement. The merger aligns with a broader US government push, following a Department of Energy "roadmap" unveiled in October 2025 to accelerate the private fusion sector.
