Trump Media announces $6bn merger with fusion power company

Trump Media & Technology Group, the struggling company that owns the United States President’s Truth Social platform, has announced a $6 billion merger with fusion power company TAE Technologies.

The all-stock transaction will see shareholders of each company hold approximately 50 per cent of the combined entity, which plans to begin construction of what it calls the world’s first utility-scale fusion power plant in 2026.

Trump Media’s share price has slumped by about 70 per cent in the past year but was up nearly 25 per cent after the announcement on Thursday, December 18, 2025.

Trump Media CEO Devin Nunes, a former Republican congressman, said the deal represents “a big step forward toward a revolutionary technology that will cement America’s global energy dominance for generations.”

Fusion power plants would generate electricity through the same process that powers the Sun, a goal long pursued by researchers, though no commercially viable project has yet been built despite decades of research.

‘I inherited a mess’: Trump promises economic boom, slams Biden in nationwide broadcast

The unusual tie-up comes as the Trump administration pushes power-hungry AI technology that will require a massive build-out of energy sources.

AI data centers are posing an increasing burden on US power grids, and the White House is encouraging the fast-tracking of energy projects to meet demand.

TAE Technologies, founded in 1998, says its fusion technology could provide abundant electricity to power AI infrastructure.

The California-based company has built five fusion reactors and employs over 400 people, including 62 Ph.D. holders, according to AFP.

The company has raised more than $1.3 billion from investors including Google, Chevron and Goldman Sachs. Trump Media has agreed to provide up to $300 million in cash to TAE.

The Star