Trump Media and Technology Group, the company behind President Donald Trump’s Truth Social platform, plans to merge with a Google-backed fusion energy firm. The deal values the combined business at more than $6bn (£4.4bn).
Trump Media and TAE Technologies confirmed the plan on Thursday in a joint statement. They said the merger would form one of the world’s first publicly traded fusion energy companies.
Fusion power generates energy from the heat released during nuclear fusion reactions. It could produce large amounts of power while creating far less radioactive waste. Because of this, many experts see it as a long-term clean energy option.
According to the statement, the new company aims to start building the world’s first utility-scale fusion power plant next year. After that, it plans to develop more plants.
Under the agreement, both companies will hold equal ownership. Each will own 50 percent once the deal closes. They expect completion by mid 2026, subject to regulatory and shareholder approval.
The merged firm will have a nine-member board. Trump Media chief executive Devin Nunes will serve as co-chief executive. Donald Trump Jr will also join the board.
TAE Technologies develops systems for energy storage and power delivery. These systems support batteries and electric vehicles. Through its TAE Life Sciences unit, the company also works on cancer treatment technologies and drugs.
The deal marks a major shift for Trump Media. Until now, the company has focused on social media and financial products. Now, it is moving into the energy sector.
Mr Nunes said the move would help advance a breakthrough technology. He added that it could strengthen America’s long-term energy leadership. He also described fusion as the most significant energy advance since the 1950s. Trump Media, he said, would provide capital and access to public markets to help bring the technology to market.
As part of the deal, Trump Media will invest up to $200m (£149m) in cash when the transaction closes. In addition, it will make another $100m (£74.7m) available after registration.
Meanwhile, rising power demand from AI data centres has renewed interest in nuclear energy. This includes restarting closed reactors, expanding existing plants, and planning new small modular reactors.
TAE Technologies has already raised more than $1.3bn from investors. These include Google and Goldman Sachs.
Trump Media still relies mainly on advertising revenue from Truth Social. However, it has posted losses since launch. In the third quarter ending September, revenue fell, and the company reported a loss of $54.8m (£40.9m).
