TRUMP MEDIA, FUSION STARTUP IN $6B MERGER

Washington, DC – Trump Media & Technology Group (TMTG), a company linked to President Donald Trump, has announced a merger agreement with nuclear fusion energy startup TAE Technologies. The all-stock transaction is valued at approximately $6 billion and marks TMTG’s entry into one of the most highly regulated and technically complex sectors of the U.S. economy: next-generation nuclear energy.

The deal draws attention for combining a media and technology company with a firm focused on nuclear fusion, a power source widely viewed as promising but still experimental, which faces major scientific, regulatory, and cost challenges before becoming commercially viable.

Under the agreement, TAE will receive up to $200 million in cash at signing, with an additional $100 million available after the transaction is formally notified to the Securities and Exchange Commission (SEC), according to a joint statement from the companies.

The combined entity will adopt a co-CEO structure. Former Republican congressman Devin Nunes, current chairman and CEO of TMTG, will share leadership with Dr. Michl Binderbauer, founder, CEO, and director of TAE Technologies.

The merger represents a significant strategic pivot for Trump Media, which had seen its market value fall by roughly 70% in 2025 before the announcement. The news had an immediate market impact, with TMTG shares jumping more than 30% in premarket trading.

While the company has previously expanded into areas such as financial products, artificial intelligence, and streaming, none of those initiatives generated a comparable reaction. The move into nuclear energy comes as electricity demand accelerates, driven in large part by data centers and AI-related infrastructure.

According to the joint announcement, the combined company plans to site and begin construction of what it describes as the world’s first utility-scale nuclear fusion power plant, with an estimated capacity of 50 megawatts electric (MWe), subject to regulatory approvals, starting in 2026.

The project remains highly ambitious and dependent on both regulatory clearance and major technological advances, as no commercial-scale fusion power plant is currently operating anywhere in the world.

Neither TMTG nor TAE provided additional comment beyond the official statement. The deal also comes as Trump Media continues to pursue a defamation lawsuit, filed in Florida in 2023, against approximately 20 media organizations, including Axios.