On December 18, 2025, Trump Media & Technology Group, founded by former President Donald Trump, announced a merger agreement with the private nuclear fusion energy company TAE Technologies, with a transaction value exceeding 6 billion dollars.
The two companies will merge through an all-stock transaction. According to a statement released by Trump Media & Technology Group (TMTG), after the transaction is completed, shareholders of both sides will each hold approximately 50% of the merged company’s shares.
Trump Media & Technology Group was established in 2021 and is responsible for operating the social media platform “Truth Social” owned by former President Trump. TAE Technologies, founded in 1998, is a nuclear fusion energy developer. The merger of these two companies aims to seize the business opportunities arising from the increasing demand for electricity due to the artificial intelligence (AI) boom.
The all-stock transaction values TAE’s shares at $53.89 each. However, as TAE is a private company, the exact portion of the total value it holds in the transaction is not yet clear. Trump Media & Technology Group is a publicly traded company with a current market value of about 29 billion dollars. The company plans to provide TAE with 200 million dollars in cash when the transaction is completed in the middle of next year.
This deal signifies Trump Media & Technology Group’s entry into the field of nuclear fusion energy and marks a significant strategic shift for this company predominantly controlled by the Trump family. The company had already started diversifying its operations by offering financial products.
Following the announcement of the merger with TAE, on Thursday, Trump Media & Technology Group’s stock price surged by as much as 40% in pre-market trading in New York. Prior to this news, the company’s stock price had dropped by over 75% from its peak in January.
At a time when Trump Media & Technology Group is making this significant business pivot, the US and China are competing in the field of artificial intelligence, which is also driving massive energy demand.
Since nuclear fusion was first achieved under laboratory conditions in 2022, interest in fusion energy has been steadily rising. If this process can be commercially scaled once again, it could potentially provide society with cheap, abundant, and almost pollution-free electricity. However, there are still significant technological barriers to overcome.
In its statement, Trump Media & Technology Group stated that the merger with TAE will create one of the world’s first publicly traded nuclear fusion energy companies. The newly merged company plans to start constructing the world’s first utility-scale nuclear fusion power plant next year, subject to obtaining necessary approvals.
Once the transaction is completed, current CEO of Trump Media & Technology Group Devin Nunes and TAE’s CEO Michael Binderbauer will serve as co-CEOs of the merged entity.