Trump Media & Technology Group (TMTG) is making a massive pivot from social media to the cutting edge of the energy sector. The parent company of Truth Social announced Thursday it has signed a definitive agreement to merge with TAE Technologies, a California-based fusion power developer, in an all-stock transaction valued at over $6 billion.
The deal aims to create one of the world’s first publicly traded fusion energy companies.
While the two firms operate in vastly different industries, they are framing the merger as a strategic move to secure America’s lead in artificial intelligence. The combined entity plans to break ground on a utility-scale fusion power plant as early as 2026, aiming to feed the voracious energy demands of modern data centers and AI infrastructure.
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“Fusion power will be the most dramatic energy breakthrough since the onset of commercial nuclear energy in the 1950s,” said TMTG CEO Devin Nunes in a statement Thursday. “An innovation that will lower energy prices, boost supply, ensure America’s A.I.-supremacy, revive our manufacturing base and bolster national defense.”
The Deal by the Numbers
Under the terms of the agreement, shareholders from both TMTG and TAE will own approximately 50% of the combined company upon closing. The transaction values TAE stock at $53.89 per share.
TMTG, which often trades under the ticker DJT, plans to leverage its balance sheet to accelerate TAE’s commercial timeline. The media company has agreed to provide up to $200 million in cash at the signing of the deal, with another $100 million available once initial regulatory filings are submitted.
The merger is expected to close in mid-2026, pending shareholder and regulatory approval.
From Social Media to Clean Energy
TAE Technologies has spent over 25 years in research and development, raising $1.3 billion from high-profile backers including Google, Goldman Sachs, and Chevron Technology Ventures. The company claims it has successfully operated five fusion reactors and holds over 1,600 patents.
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Unlike traditional nuclear fission, which splits atoms and creates radioactive waste, fusion mimics the process that powers the sun—slamming atoms together to release massive amounts of clean energy. It has long been considered the “holy grail” of power generation, though commercial viability has remained elusive.
TAE CEO Dr. Michl Binderbauer says the company is finally ready for the next step.
“Recent breakthroughs have prepared us to accelerate capital deployment to commercialize our fusion technology,” Binderbauer said. “We’re excited to identify our first site and begin deploying this revolutionary technology that we expect to fundamentally transform America’s energy supply.”
Leadership Shakeup
The combined company will adopt a co-CEO structure. Devin Nunes will continue to oversee the Trump Media brand operations, while Dr. Binderbauer will manage the technology and energy side.
Michael B. Schwab, founder of Big Sky Partners, is slated to become Chairman of the new nine-member board. The board will include representatives from both companies, including Donald Trump Jr., alongside five independent directors.
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