UPDATE: Trump Media & Technology Group has just announced a groundbreaking pivot towards nuclear fusion, unveiling plans for a $6 billion merger with TAE Technologies. This deal aims to build the world’s first utility-scale fusion power plant, marking a potential revolution in energy production.
The merger, confirmed today during a conference call, comes as the demand for new power generation surges, particularly to support the rapidly growing needs of Artificial Intelligence data centers. TAE Technologies has invested 25 years in fusion reactor development, boasting five experimental reactors, although none have yet achieved a net positive energy output.
TAE CEO Michl Binderbauer emphasized urgency, stating, “We are ready to move toward utility scale. We plan to move fast.” The implications of this project are profound. Unlike traditional nuclear fission, fusion promises an abundant, carbon-free energy source with significantly reduced risks.
The Department of Energy has recently taken steps to promote this innovative technology by establishing an Office of Fusion, aiming for commercialization in the coming years. Industry experts anticipate that the first fusion power plants could become operational by the early 2030s, according to the Fusion Industry Association.
As part of this merger, Trump Media will inject up to $200 million in cash at signing, with an additional $100 million to follow after regulatory approvals. Both companies’ shareholders will hold approximately 50 percent ownership in the newly formed entity, with Trump Media serving as the holding company.
In pre-market trading, Trump Media’s stock surged by more than 25 percent, although it remains below its January highs. The combined company will be governed by a nine-member board, which includes Donald J. Trump Jr. and will likely be chaired by Big Sky Partners founder Michael B. Schwab.
TAE Technologies has previously raised over $1.3 billion from notable investors such as Google and Goldman Sachs, highlighting strong backing from the investment community.
In a statement, Trump Media CEO Devin Nunes described fusion power as “the most dramatic energy breakthrough since the onset of commercial nuclear energy in the 1950s.” He added that this innovation could lower energy prices, boost supply, enhance America’s AI capabilities, and strengthen national defense.
As the world watches this development unfold, the urgency for clean, sustainable energy sources has never been more critical. This merger not only represents a significant financial commitment but also positions the companies at the forefront of a potential energy revolution.
Stay tuned for further updates on this developing story as both companies work towards their ambitious goals in the fusion energy sector.
