Summary
President Donald Trump's social media company plans to merge with TAE Technologies, a firm working on nuclear fusion, in a $6 billion deal. This merger aims to create new energy solutions for AI data centers and is part of the Trump family's expanding business interests. The deal expects to close by mid-2026, with plans to develop a fusion power plant.
Key Facts
- President Trump is leading a $6 billion merger between his media firm and TAE Technologies.
- The merger aims to provide energy for AI data centers using nuclear fusion.
- TAE Technologies is supported by big names like Google, Chevron, and Sumitomo.
- The deal, made entirely in stock, will give shareholders equal ownership after closure in mid-2026.
- Trump Media will include ventures like Truth Social, TAE Power Solutions, and TAE Life Sciences.
- Trump Media's shares rose by 33% following the merger announcement.
- TAE intends to build the world’s first large-scale fusion power plant soon.
- The merger was approved by both companies' boards and is backed by significant political support.
