Trump Media Locks $6 Billion Merger with TAE Technologies

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All-stock deal aims to launch the world’s first utility-scale fusion plant by 2026, linking clean energy, A.I. growth and U.S. energy security

By S JHA

Mumbai, December 18, 2025 — Trump Media & Technology Group (TMTG) announced a definitive agreement to merge with TAE Technologies, a leading U.S. fusion power company, in an all-stock transaction valued at more than $6 billion—marking a bold entry by the media firm into next-generation energy.

Under the agreement, shareholders of TMTG and TAE will each own roughly 50 per cent of the combined entity on a fully diluted basis. The deal, approved by both boards, is expected to close by mid-2026, subject to regulatory and shareholder approvals.

The combined company plans to site and begin construction of the world’s first utility-scale fusion power plant—producing about 50 megawatts of electricity—as early as 2026, with additional plants of 350–500 MW envisioned thereafter. Fusion power is being positioned as a cornerstone for America’s long-term energy security and the explosive power demands of artificial intelligence and advanced manufacturing.

TMTG has agreed to provide up to $200 million in cash to TAE at signing, with a further $100 million available upon regulatory filings, leveraging its strong balance sheet to accelerate commercial deployment. TAE brings more than 25 years of research, five successfully operated fusion reactors, over 1,600 patents, and backing from investors including Google, Chevron and Goldman Sachs.

TMTG CEO Devin Nunes and TAE CEO Dr Michl Binderbauer will serve as co-CEOs of the merged company. Nunes said fusion could be the most dramatic energy breakthrough since nuclear power in the 1950s, lowering costs and strengthening U.S. technological dominance.

An investor conference call is scheduled for 9 a.m. ET on December 18, 2025, to outline the roadmap for the combined company.

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