Trump Media to merge with nuclear fusion company

3 weeks ago 10

Associated Press Finance

Thu, December 18, 2025 astatine 6:38 AM CST 1 min read

Trump Media & Technology volition merge with a fusion powerfulness institution successful an all-stock woody that the companies said Thursday is valued astatine much than $6 billion.

Devin Nunes, the Republican congressman who resigned successful 2021 to go the CEO of Trump Media, volition beryllium co-CEO of the caller institution with TAE Technologies CEO Michl Binderbauer.

Shares of Trump Media & Technology, the genitor institution of President Donald Trump's Truth Social media platform, person tumbled 70% this twelvemonth but jumped 20% earlier the opening doorbell Thursday.

TAE is simply a backstage institution and the merger with Trump Media would make 1 of the archetypal publically traded atomic fusion companies.

“We’re taking a large measurement guardant toward a revolutionary exertion that volition cement America’s planetary vigor dominance for generations," Nunes said successful a prepared statement.

TAE focuses connected atomic fusion, a exertion that combines 2 airy atomic nuclei to signifier a azygous heavier one. It releases tremendous magnitude of energy, a process that occurs connected the prima and different stars, according to the United Nation’s International Atomic Energy Agency.

TAE and Trump Media shareholders volition each ain astir 50% of the combined company.

The companies accidental the transaction values each TAE communal banal astatine $53.89 per share.

At closing, Trump Media & Technology Group volition beryllium the holding institution for Truth Social and TAE, on with its subsidiaries TAE Power Solutions and TAE Life Sciences.