Summary
Trump Media & Technology Group plans to merge with TAE Technologies, a company involved in nuclear fusion, in a deal worth over $6 billion. The combined company aims to build the first large-scale fusion power plant by next year and has plans for more in the future. Both firms will have equal ownership once the deal is completed, pending approvals.
Key Facts
- Trump Media & Technology Group (TMTG) is merging with TAE Technologies in a $6 billion deal.
- TMTG is known for President Trump's Truth Social platform.
- TAE Technologies focuses on nuclear fusion and energy solutions.
- The merger aims to construct the first large-scale fusion power plant next year.
- This new company will be one of the first publicly traded fusion companies.
- The merger is expected to complete by mid-2026 if approved by regulators and shareholders.
- TAE Technologies has received over $1.3 billion in funding from investors like Google and Goldman Sachs.
- This move marks a shift for Trump Media from social media to the energy sector.
