Trump Media to merge with fusion energy firm in $6bn deal

December 18, 2025

Trump Media & Technology Group, the company operating Donald Trump's Truth Social platform, is merging with TAE Technologies, a Google-backed energy firm, in a deal worth over $6 billion to create a publicly traded fusion energy company. The merger grants both companies equal ownership stakes and aims to construct what they claim will be the world's first commercial-scale fusion power plant starting in 2026. Trump Media will contribute up to $300 million in cash while transitioning from its struggling social media business, which has consistently posted losses, into the nuclear fusion energy sector.

Who is affected

Trump Media & Technology Group (TMTG) and its shareholders
TAE Technologies and its existing investors (including Google and Goldman Sachs)
Devin Nunes (Trump Media CEO, becoming co-CEO of merged company)
Donald Trump Jr. (joining the board)
Truth Social platform users and advertisers
Regulatory agencies reviewing the merger
Future shareholders requiring approval for the deal

What action is being taken

Trump Media & Technology Group and TAE Technologies are merging in a deal valued at more than $6 billion
The companies are creating equal 50% ownership stakes in the combined entity
Trump Media is providing up to $200 million of cash to TAE Technologies at deal completion
TAE Technologies is raising funding from investors including Google and Goldman Sachs

Why it matters

This merger represents a significant strategic shift for a presidential-linked company from social media into fusion energy technology, a sector with potential to revolutionize clean power generation. The deal could advance commercial fusion power development, which promises vast amounts of energy with minimal radioactivity, addressing growing electricity demands from AI data centers and other technologies. The involvement of a company owned by the sitting president in a major energy infrastructure venture raises questions about conflicts of interest and the intersection of political power with emerging energy markets.

What's next

Construction of the "world's first utility-scale fusion power plant" is planned to begin next year (2026)
Additional fusion power plants are planned to follow after the first
The deal requires regulatory and shareholder approvals, with completion expected by mid-2026
An additional $100 million will be made available once the transaction has been registered

Read full article from source: BBC