19.12.2025 01:30
The Trump Media & Technology Group, founded by U.S. President Donald Trump, has signed a $6 billion merger agreement with TAE Technologies, a company operating in the field of nuclear fusion. This agreement has positioned Trump's media company in the future energy production technology sector. Following the announcement of the deal, TMTG's shares rose by 35%. It was noted that the merged company aims to begin construction of its first large-scale nuclear fusion power plant in 2026.
The Trump Media & Technology Group (TMTG), founded by U.S. President Donald Trump in 2021, has signed a $6 billion merger agreement with TAE Technologies, a company operating in the field of nuclear fusion. This agreement is considered a critical step in moving Trump's media company towards the energy production technologies of the future.
SHARES INCREASED BY 35%
Trump is the largest shareholder of TMTG, and the management of the foundation is led by his son Donald Trump Jr. The shares of TMTG, the parent company of Truth Social, increased by 35% in early trading following the announcement of the agreement.
CONSTRUCTION OF THE FIRST PLANT TO BEGIN IN 2026
The announcement stated that the merged company aims to begin construction of its first large-scale nuclear fusion plant in 2026.
MANAGEMENT TO BE EQUALLY SHARED
As co-CEOs of the merged company, TMTG President Devin Nunes and TAE CEO Michl Binderbauer will serve. The board of directors will consist of a total of nine members, including Nunes, Binderbauer, and Trump Jr. Nunes stated while announcing the agreement, "Trump Media and Technology Group has secured online free speech for Americans, and now we are stepping into a revolutionary technology that will reinforce America's global energy dominance."
WHAT IS FUSION TECHNOLOGY?
Nuclear fusion is based on the same principle as the sun's energy production process; it generates energy by fusing atoms, and the fuel sources used are abundant, easily accessible, and are not expected to produce long-lived nuclear waste. TAE Technologies has five fusion reactors, but commercial-scale energy production is not yet possible. Experts are debating whether the technology will become a viable energy source in the coming years.