Trump Media & Technology Group, the owner of Donald Trump's social media platform Truth Social, announced on Wednesday a merger with TAE Technologies, a company specializing in fusion energy. The deal, valued at $6 billion, aims to accelerate the development of what TAE claims will be 'the world's first utility-scale fusion power plant' by next year.
TAE Technologies was founded in 1998 and has been working on nuclear fusion, a process that powers the sun and stars, as a potential source of clean energy. The merger signals that Trump and his family continue to seek profit-making ventures beyond Truth Social, which remains small compared to rivals like Facebook, Instagram, and X (formerly Twitter).
Details of the merger structure and timeline have not been fully disclosed, but the announcement marks a significant step for both companies. Trump Media, which went public earlier this year, has seen its stock fluctuate amid legal challenges and market scrutiny.
