Trump Media to Merge with Fusion Energy Firm in $6B Deal
Trump Media teams with fusion-energy company TAE Technologies in a $6B merger backed by Google, aiming to build the first utility-scale fusion plant and transform energy markets.
In a striking move, Trump Media & Technology Group announced a merger with TAE Technologies, a fusion-energy company backed by investors including Google. The deal values the combined venture at over £4.4 billion (about $6.0 billion) and aims to create one of the world’s first publicly traded fusion firms.
Fusion power uses heat from nuclear fusion to release energy, offering the potential for large outputs with relatively low long-term radioactivity. The joint statement says the merged company plans to begin constructing the world’s first utility-scale fusion power plant next year, with additional plants to follow.
Deal details
Under the proposed arrangement, each firm will own 50% of the new company. The nine-member board will include Trump Media’s chief executive Devin Nunes as co-chief executive and Donald Trump Jr. as a board member. The merger is expected to close by mid-2026, subject to regulatory and shareholder approvals.
About the companies
Trump Media is best known for Truth Social, a social-media platform that earns most of its revenue from online advertising. The company has posted losses in recent quarters, including a net loss of $54.8 million in the quarter ending September.
TAE Technologies develops energy-storage and power-delivery technologies for batteries and electric vehicles. Its umbrella group, TAE Life Sciences, focuses on developing cancer therapies.
Funding and timeline
As part of the deal, Trump Media will contribute up to £149 million in cash at closing, with a further £74.7 million available after the transaction is registered. TAE Technologies has already raised more than $1.3 billion (roughly £1.0 billion) from investors, including Google and Goldman Sachs.
Market context
Growing electricity demand from artificial-intelligence data centers has renewed interest in clean and reliable nuclear power, including discussions about restarting some reactors and exploring small modular reactors. The merger underscores a broader trend of channeling private capital into long-term energy projects.
Expert comment
Expert comment: Industry analysts say the deal signals rising investor confidence in long-term clean-energy bets, even as fusion remains a high-risk, long-term venture. They note regulatory and technical hurdles must be cleared before any returns materialize.
Short summary
The merger links a media company with a fusion-energy developer to form a new, publicly traded entity. If successful, the plan to build the first large-scale fusion plant could reshape energy markets, though it faces significant regulatory and scientific challenges. The move also shows Trump Media diversifying beyond advertising into strategic technology ventures.
Key insight: The Trump Media fusion-energy merger reflects a bold pivot toward long-term clean-energy technology within a public-market framework, mirroring growing investor interest in practical fusion solutions. BBC coverage
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