In a surprising strategic shift, Trump Media & Technology Group (TMTG) has revealed a major move into the energy sector. The company, which owns the Truth Social platform, announced on Thursday a planned $6 billion all-stock merger with fusion power company TAE Technologies.
A Strategic Pivot to Power the Future
The deal marks the latest expansion for the business interests linked to former US President Donald Trump since his return to office. Following ventures into media and cryptocurrency, the focus is now on cutting-edge energy. Under the agreement, shareholders of each company will own roughly 50 percent of the combined entity.
The newly formed company has ambitious plans, aiming to start construction of what it describes as the world's first utility-scale fusion power plant in 2026. Fusion energy, which replicates the sun's power-generating process, has long been a holy grail for scientists but has yet to achieve commercial viability despite decades of research.
Market Reaction and Leadership Structure
The announcement provided a much-needed boost to Trump Media's stock. The share price, which had fallen by approximately 70 percent over the past year, jumped nearly 25 percent following the news.
Trump Media CEO Devin Nunes, a former Republican congressman, hailed the merger. He stated it represents a significant leap toward a revolutionary technology that could secure America's energy dominance for generations. The leadership of the merged company will see Nunes and TAE CEO Michl Binderbauer serve as co-CEOs. The board is expected to be chaired by Michael Schwab of Big Sky Partners and will include Donald Trump Jr., the president's son.
Fuelling the AI Boom and Deal Details
The merger comes at a critical time. The Trump administration is aggressively promoting power-intensive artificial intelligence (AI) technology, which is straining the US power grid and creating an urgent need for new energy sources. TAE Technologies, founded in 1998, claims its fusion technology could provide the abundant electricity required to feed growing AI infrastructure.
TAE Technologies, based in California, has built five experimental fusion reactors and employs more than 400 people, including 62 Ph.D. holders. The company has raised over $1.3 billion from prominent investors like Google, Chevron, and Goldman Sachs. As part of the merger, Trump Media has agreed to provide up to $300 million in cash to TAE.
This energy move follows other recent projects launched by Trump Media, including cryptocurrency-linked financial products and a video streaming service. However, the company's financial performance has been weak, generating only $1.7 million in revenue in the first half of 2025.
The transaction is not yet final and requires approval from shareholders and regulators. It is anticipated to be completed by mid-2026.
