Trump Media to merge with nuclear fusion agency in $6bn deal | EUROtoday

The agency behind President Donald Trump’s Truth Social platform is merging with a Google-backed vitality firm in a deal valued at greater than $6bn (£4.4bn).

Trump Media & Technology Group (TMTG) and TAE Technologies introduced the plans on Thursday in a joint assertion, which stated the transfer would “create one of the world’s first publicly traded fusion companies”.

Fusion energy is a technique of producing vitality from warmth launched by nuclear fusion reactions. It may launch huge quantities of vitality with little related radioactivity.

The assertion stated the mixed firm deliberate to start setting up the “world’s first utility-scale fusion power plant” subsequent 12 months, with additional crops to comply with.

Under the merger each corporations could have an equal 50% share in possession after the deal is accomplished, which is anticipated by mid-2026 pending regulatory and shareholder approvals.

TAE Technologies offers expertise for vitality storage and energy supply techniques for batteries and electrical autos. Its umbrella organisation, TAE Life Sciences, develops applied sciences and medicines for treating most cancers sufferers.

The tie-up with the agency alerts a daring and shocking shift for Trump Media, because it strikes from social media and monetary choices into the vitality sector.

Devin Nunes, chairman and chief government of TMTG, stated his agency was “taking a big step forward toward a revolutionary technology that will cement America’s global energy dominance for generations”.

Calling fusion energy the “most dramatic energy breakthrough” for the reason that Fifties, he stated his agency would convey “the capital and public market access” to assist make TAE’s expertise business viable.

Surging electrical energy demand for AI information facilities has revived curiosity in cleaner and dependable nuclear energy, together with restarting shuttered reactors, increasing current ones and signing contracts for future small modular reactors.

The joint assertion stated TAE Technologies had raised greater than $1.3bn of funding from different traders together with Google and Goldman Sachs.