Trump Media & Technology Group, majority-owned by U.S. President Donald Trump, has announced a merger with TAE Technologies, a private company specialising in fusion energy. The deal, valued at over USD6 billion, will create one of the first publicly traded groups in this sector. Shareholders of both companies will each hold approximately 50% of the merged entity at closing, expected by mid-2026, pending regulatory and shareholder approvals.
Construction of a commercial fusion power plant
As part of the agreement, Trump Media & Technology Group (TMTG) will provide up to USD200 million upon signing, with an additional USD100 million available upon the filing of the Form S-4 registration document. The group plans to begin construction in 2026 of a 50 megawatt electric (MWe) fusion power plant, subject to necessary permits. Larger facilities, ranging from 350 to 500 MWe, are also in development.
Leadership of the merged group will be shared between Devin Nunes, Chief Executive Officer of TMTG, and Michl Binderbauer, Chief Executive Officer of TAE Technologies. A nine-member board of directors will be established, chaired by Michael Schwab, founder of the Big Sky Partners fund.
Hydrogen-boron-based technology
TAE Technologies is developing a fusion technology based on hydrogen-boron (p-B11) fuel, which is non-radioactive and abundant. The approach relies on a Field-Reversed Configuration (FRC) magnetic system combined with neutral particle beams to stabilise the plasma. This system is designed to produce energy in a more compact, stable, and cost-efficient format compared to other fusion technologies under development.
The California-based company reports having built and operated five experimental reactors and raised more than USD1.3 billion in private funding, with support from investors including Google. TAE is the first company to use neutral beams both for plasma formation and maintenance, enabling a simplified machine design.
Cross-industry technology applications
Technologies developed for fusion have been adapted to other industries through two subsidiaries. TAE Power Solutions designs energy storage and management systems for data centres, industrial applications, and electric vehicles. Meanwhile, TAE Life Sciences applies particle acceleration technology to targeted medical treatments for complex cancers.
The capital merger between TMTG and TAE Technologies represents a strategic partnership between two distinct sectors: digital media and fusion energy. The goal is to accelerate the market deployment of a still-emerging energy technology by leveraging the financial resources and public market access provided by TMTG.
