Trump Media to merge with nuclear fusion firm in $6B deal
a day ago
- #merger
- #nuclear-fusion
- #energy-sector
- Trump Media & Technology Group (TMTG) merges with TAE Technologies in a $6bn deal.
- The merger aims to create one of the world's first publicly traded fusion companies.
- The combined company plans to build the 'world's first utility-scale fusion power plant' by next year.
- Both firms will have an equal 50% ownership share post-merger, expected by mid-2026.
- TAE Technologies specializes in energy storage, power delivery, and cancer treatment technologies.
- The deal marks a shift for Trump Media from social media to the energy sector.
- Fusion power is highlighted as a breakthrough with potential for vast, clean energy.
- Surging electricity demand for AI data centers is driving interest in nuclear power solutions.