Trump Media and TAE Technologies team up in $6B merger
Donald Trump's media company is joining forces with TAE Technologies, a Google-backed fusion energy startup, in a $6 billion all-stock deal.
The goal? To bet on the power boom spurred by AI data centers and push forward nuclear fusion tech.
If all goes to plan, the merger wraps up by mid-2026, with both companies' shareholders splitting ownership 50/50.
What's next for the new company?
TAE brings its long-running work on fusion energy (with help from Google and big names like Chevron) to the table, while Trump Media adds platforms like Truth Social.
The new group will also own TAE Power Solutions and TAE Life Sciences, which is working on new cancer treatments.
Trump Media plans to invest up to $300 million into TAE's mission to make fusion energy real—though building a working reactor is still a huge challenge.
Leadership will include co-CEOs Devin Nunes and Michl Binderbauer, plus Donald Trump Jr. on the board.