In a move that pivots its focus from social media to energy, Trump Media & Technology Group (TMTG) has unveiled a plan to merge with nuclear fusion company TAE Technologies in a deal valued at over $6 billion. The combined entity aims to begin constructing what it calls the world’s first utility-scale fusion power plant as early as next year.
The merger, structured as a 50/50 ownership split, is expected to close by mid-2026. The newly formed company will be led by co-CEOs: TMTG’s Devin Nunes and TAE’s chief executive, Michl Binderbauer.
The strategic shift is driven by the soaring energy demands of the artificial intelligence sector. TMTG stated that the fusion technology would be directed toward powering the massive data centers required for AI development. TAE, which has backing from major firms including Google and Chevron, specializes in developing cost-effective neutral beam systems for fusion energy.
“For generations, America has sought energy independence and supremacy,” Nunes said in a statement announcing the deal. “Fusion power represents the next great frontier—a breakthrough that will secure our technological leadership, revitalize manufacturing, and provide abundant, clean energy for our national defense and AI future.”
The announcement sparked a significant market reaction, with TMTG’s stock climbing 27% in early trading following the news.
The merger marks a dramatic new direction for TMTG, which has faced commercial challenges with its primary asset, the Truth Social platform. Recent financial disclosures showed the company’s quarterly revenue fell below $1 million, with net losses widening to nearly $55 million.
Analysts view the deal as a fundamental transformation of the company. “This effectively rebrands TMTG as a fusion energy bet,” said Dan Ives, a technology analyst at Wedbush. “Given the political backing and the urgent need to power the AI boom, this creates a major domestic energy initiative for the coming years.”
Nuclear fusion, which replicates the energy-producing process of the sun, promises a virtually limitless supply of power without carbon emissions or long-lived radioactive waste. While the technology remains experimental, the urgent demand for clean, baseload electricity to support data centers is accelerating investment and interest in next-generation nuclear solutions, including fusion.