Trump Media & Technology will proceed in an all-stock transactionMergers and acquisitionsFusion energy company TAE Technologies, with a transaction valuation exceeding USD 6 billion, shareholders from both sides will each hold approximately 50% of the new company. The merged entity aims to achieve utility-scale fusion power generation, with plans to begin site selection and construction of a fusion power station by 2026, targeting the energy demands driven by AI computing power.
Trump Media & Technology Group Corp (TMTG) has entered into a definitive merger agreement with fusion energy startup TAE Technologies. This all-stock transaction is valued at over $6 billion.
Under the terms of the agreement, TMTG and TAE will merge, with existing shareholders of both companies each holding approximately 50% of the new company on a fully diluted basis. To support the transaction, TMTG will provide TAE with up to $200 million in cash at signing and an additional $100 million upon the filing of the S-4 document.
As a result,$Trump Media & Technology (DJT.US)$Surging over 23%, the latest price is $12.93, with a trading volume reaching $290 million.
This merger aims to create one of the first publicly listed fusion energy companies in the market. According to reports by Bloomberg and Fox News on the 18th, the merged company plans to select a site and commence construction of a utility-scale fusion power plant by 2026. Management stated that this strategic layout is intended to address the significant energy demands brought about by AI development and to strengthen the United States' leading position in energy security.
Investors have shown significant interest in this unexpected business transformation. While the specific path to commercialization still requires time for validation, the intent to accelerate the realization of fusion technology through capital markets has already triggered substantial market volatility.
Strategic Restructuring and Management Structure
The transaction is expected to close by mid-2026. Upon completion, Trump Media & Technology Group will transition into a holding company, encompassing its original social media businesses—Truth Social, Truth+, and Truth.Fi—as well as newly integrated assets such as TAE, TAE Power Solutions, and TAE Life Sciences in the energy and life sciences sectors.
In terms of management structure, the new company will adopt a co-CEO system. Current TMTG CEO Devin Nunes and TAE CEO Michl Binderbauer will jointly serve as co-CEOs. Additionally, Michael Schwab, founder and managing director of Big Sky Partners, is expected to be nominated as chairman of the nine-member board.
As one of the world’s leading fusion energy companies, TAE Technologies brings deep technological expertise to the merger. The company has been researching fusion technology for over 25 years, raising more than $1.5 billion in private capital to date and successfully building and safely operating five fusion reactors. TAE claims that its technology has significantly reduced the size, cost, and complexity of reactors.
The merged entity will prioritize commercializing its technology. The company plans to identify its first site and begin constructing the world's first utility-scale fusion power plant in 2026 (subject to regulatory approval), with plans to develop additional fusion power plants. Devin Nunes told the media that the capital and public market access brought by TMTG would help rapidly advance TAE's proven technology toward commercial feasibility.
Targeting AI Computing Power and Energy Security
The core logic of this acquisition is closely tied to the enormous demand for electricity driven by the current artificial intelligence (AI) boom. The company's statement noted that the affordable, abundant, and reliable power provided by fusion plants will help the United States win the AI revolution. Devin Nunes believes that fusion energy represents the most significant breakthrough in energy since the advent of commercial nuclear power in the 1950s. This innovation could not only reduce energy costs but also serve as a key to securing 'American AI hegemony,' revitalizing the manufacturing base, and strengthening national defense.
Michl Binderbauer emphasized that TAE’s recent technological breakthroughs have enabled it to accelerate capital deployment. He stated that the team is ready to address the immense global challenge of energy shortages and fundamentally transform the structure of America’s energy supply. The merger itself is seen as a crucial step in leveraging the power of capital markets to convert cutting-edge science into infrastructure advantages.
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Editor /rice