Key Metrics
10.89
Heat Index-
Impact LevelMedium
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Scope LevelNational
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Last Update2025-12-18
Key Impacts
Positive Impacts (5)
Negative Impacts (3)
Event Overview
A merger between a media and technology group and an energy firm aims to accelerate the development of fusion energy. The deal, valued at over $6 billion, brings together financial resources and leadership from both companies to support long-term technological innovation.
Collect Records
TMTG and TAE Announce Merger to Advance Fusion Energy Technology
Trump Media & Technology Group (TMTG) and TAE Technologies have announced a merger in an all-stock transaction, valued at over $6 billion. The merged company will be co-led by TMTG's Devin Nunes and TAE's Michl Binderbauer as co-CEOs, with Michael B Schwab chairing the nine-member board. TMTG will provide $200 million in cash to TAE, with $200 million at signing and an additional $100 million after the Form S-4 filing. TAE, which has been developing fusion technology for 25 years, has successfully operated five reactors and raised over $1.3 billion from investors including Google and Chevron. The merger aims to accelerate the commercialization of fusion energy, with plans to start building the world's first 50 MW commercial-scale fusion power plant in 2026, followed by larger 350-500 MW plants. The deal, valuing TAE shares at $53.89 based on TMTG's 30-day volume-weighted average price, is expected to close by mid-2026, subject to shareholder and regulatory approvals. Post-merger, TAE and TMTG shareholders will each hold about 50% of the fully diluted equity. The combined entity will also include Truth Social, Truth+, TAE Power Solutions, and TAE Life Sciences. TAE focuses on zero-emission power plants, while TAE Power Solutions develops energy storage and supply systems, and TAE Life Sciences specializes in targeted cancer radiotherapy. The company employs over 400 people, including 62 PhDs, and holds more than 1,600 patents.