Trump Media, fusion power company TAE Technologies to merge in $6 billion deal

Trump Media & Technology Group and fusion power company TAE Technologies on Thursday announced that they will merge in a $6 billion deal.

The all-stock deal is expected to close in mid-2026, and will result in shareholders of each firm owning approximately half of the combined company, CNBC reported.

According to the announcement, the merger will "create one of the world’s first publicly traded fusion companies."

Currently, there are no commercial plants producing electricity using fusion, a futuristic technology that has the potential to generate abundant energy without the risks associated with nuclear power.

In premarket trading on Thursday, Trump Media & Technology Group stock jumped more than 19%.

“Upon closing, Trump Media & Technology Group will be the holding company for Truth Social, Truth+, Truth.Fi, TAE, TAE Power Solutions and TAE Life Sciences, among others,” the companies said.

Trump Media & Technology Group Chairman and CEO Devin Nunes said in a statement, "Trump Media & Technology Group built uncancellable infrastructure to secure free expression online for Americans, and now we’re taking a big step forward toward a revolutionary technology that will cement America’s global energy dominance for generations.

"Fusion power will be the most dramatic energy breakthrough since the onset of commercial nuclear energy in the 1950s—an innovation that will lower energy prices, boost supply, ensure America’s A.I.-supremacy, revive our manufacturing base and bolster national defense. TMTG brings the capital and public market access to quickly move TAE’s proven technology to commercial viability."