Trump Media & Technology Group, the company behind President Donald Trump’s Truth Social platform, is set to merge with fusion energy company TAE Technologies in a deal valuing the combined business at more than $6bn (£4.4bn).
The tie-up, announced by the two companies on Thursday, marks a striking strategic pivot for Trump Media, taking it beyond social media and financial products into the fast-developing world of next-generation energy. The firms said the transaction would create one of the world’s first publicly listed fusion energy companies.
Fusion power, long touted as a potential holy grail of clean energy, generates electricity by replicating the reactions that power the sun, releasing vast amounts of energy with minimal radioactive waste. While commercial viability has remained elusive, renewed interest has been fuelled by surging electricity demand, particularly from artificial intelligence data centres, and the search for reliable low-carbon power.
Under the terms of the agreement, Trump Media and TAE Technologies will each hold a 50 per cent stake in the combined business once the transaction completes, which is expected by mid-2026, subject to regulatory and shareholder approval. The new group plans to begin construction of what it claims will be the world’s first utility-scale fusion power plant as early as next year, with additional facilities to follow.
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