Trump Media & Technology Group (TMTG) and fusion pioneer TAE Technologies announced a definitive all-stock merger valued over $6 billion, creating one of the world's first publicly traded fusion companies. Shareholders will each own ~50% of the combined entity, with plans for a 2026 utility-scale fusion plant to fuel AI dominance and energy security. Closing expected mid-2026, pending approvals.
Deal Overview
TMTG (Nasdaq/NYSE Texas: DJT), parent of Truth Social, combines with TAE's advanced hydrogen-boron fusion tech after 25+ years of R&D that slashed reactor costs and complexity. The deal values TAE shares at $53.89 based on TMTG's recent VWAP, blending TMTG's strong balance sheet with TAE's innovations in power, storage, and cancer radiotherapy via subsidiaries.
Key Highlights
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Fusion Milestone: 50 MWe plant construction starts 2026; future plants at 350-500 MWe for abundant, cheap power.
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Cash Boost: TMTG provides $200M at signing, $100M on S-4 filing to fast-track commercialization.
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Leadership: Co-CEOs Devin Nunes (TMTG) and Michl Binderbauer (TAE); Michael Schwab as board chair in nine-member team including Donald Trump Jr.
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Strategic Impact: Aims to lower energy prices, revive manufacturing, secure AI supremacy, and bolster defense amid global race.
Sources: GlobeNewswire (Dec 18, 2025), Reuters, Yahoo Finance, Fox Business.