Trump Media & Technology Group, the company behind the Truth Social platform, has announced a merger with fusion energy firm TAE Technologies in a deal valued at more than $6 billion, marking a significant shift away from its core social media business.
The all-stock transaction, revealed in a joint statement on Thursday, would create what the companies describe as one of the world’s first publicly traded fusion energy firms once completed.
The deal is expected to close by mid-2026, pending regulatory and shareholder approvals, with each company holding a 50 percent ownership stake in the combined entity.
The announcement positions Trump Media in an energy sector that has drawn renewed interest amid rising electricity demand and growing attention on alternative power sources.
Fusion power generates energy from heat released by nuclear fusion reactions and is widely viewed as a potential source of large-scale energy with minimal radioactivity.
Under the agreement, the combined company plans to begin construction of what it calls the world’s first utility-scale fusion power plant next year, with additional plants expected to follow.
TAE Technologies brings experience in energy storage and power delivery systems, including applications for batteries and electric vehicles, as well as a life sciences division focused on cancer treatments.
Trump Media will provide up to $200 million in cash at the signing of the deal, with an additional $100 million available after the transaction is registered.
Devin Nunes, the current chief executive of Trump Media, will serve as co-chief executive of the new firm alongside TAE’s chief executive, Michl Binderbauer.
Donald Trump Jr. will also join the nine-member board of the combined company.
The merger comes as Trump Media continues to face financial challenges tied to its reliance on advertising revenue from Truth Social.
The company has reported consistent losses since its launch, including a $54.8 million loss in the quarter ending in September.
News of the deal triggered a sharp rise in Trump Media’s share price, offering relief to some retail investors after a prolonged period of declines.
TAE Technologies has raised more than $1.3 billion from investors, including Google and Goldman Sachs, highlighting sustained interest in fusion research despite the absence of a commercially viable reactor to date.
The combined company aims to accelerate regulatory approvals and move toward commercialization as it enters a sector long defined by technical and financial hurdles.