Trump Media is merging with fusion power company TAE Technologies in a $6B+ deal

President Donald Trump’s company, Trump Media & Technology Group (TMTG), he said Thursday which is related to it Concept of the company TAE Technologiesa Southern California company that has been chasing the dream of fusion power for nearly 30 years.

The sale of all assets, valued at more than $6 billion, will expand Trump Media’s presence in the integrated energy space as data centers demand more electricity amid the ongoing AI boom.

Fusion industry officials have expressed interest in the deal and expressed concern about possible action by the US Department of Energy. Last week, industrial representatives met with officials from the Department of Energyand encourage them to help direct billions of dollars to integrated projects, and earlier this year, the DOE announced a new way to lead commercial activities in the sector, although it did not provide any new funding along with the announcement.

TMTG is the parent company of Truth Social, The microblogging platform that the president launched after being banned from platforms such as YouTube, Twitter, and Facebook after the January 6 attack on the US Capitol. Pa to initiateThe president called it a “competition against the liberal media,” and said he wanted to “fight Big Tech.”

TMTG went public last year through a merger with a a special purpose purchasing company (SPAC), a process used to appear by private companies that want to raise capital quickly but are not mature enough to take the traditional IPO route. In the quarter ended September 30, 2025, TMTG report that it posted a loss of $54.8 million on revenue of $972,900.

True Social and the company’s streaming platform have failed to make much money, but TMTG still managed to accumulate $3.1 billion in wealth, mainly through cryptocurrency and partnerships.

TMTG CEO Devin Nunes, a former Republican secretary, said that the acquisition of the TAE company “helps control global power in America for generations.” The company said it plans to prepare a site and begin construction of “the world’s first hydroelectric power plant (50 MW)” next year, and has plans for more power plants expected to generate 350 to 500 megawatts of electricity.

But the path forward for the merger force remains uncertain.

Currently, only one test device has proven that integrated controlled systems can produce more energy than they consume. Several other companies, including Bill Gates, support it Commonwealth Fusion Systems and Sam Altman-backed Helionand in the competition putting the combined force into the group sometime in the early 2030s.

If one or more fusions are successful, they could provide massive, sustainable gigawatts of energy to the group without using hydrogen isotopes filtered out of seawater. Inside a fusion reactor, those isotopes are heated and compressed until they turn into plasma. When the plasma particles collide, they combine to form new, heavier atoms, while releasing enormous amounts of heat, which can be harvested to generate electricity.

TAE has been working on a number of investment projects since the late 1990s. The company has raised approximately $2 billion in total, including a about $150 million around from existing investors including Google, Chevron Technology Ventures, and New Enterprise. The company has been valued at approximately $1.8 billion, according to PitchBook.

Over the years, TAE has struggled to make its various designs work. His latest effort uses the magnetic field created by the rotating plasma to stabilize the plasma itself. The beams of particles shoot out of the plasma cloud, helping it to spin.

Meanwhile, TAE has also launched a new division focusing on life sciences. It is marketing its particle accelerator as a radiation treatment for cancer.

After the merger, Nunes and CEO of TAE Dr. Michl Binderbauer will act as CEO of the combined company.

Update 12:05 pm ET: Added comments from insiders at the merger.