Trump Media to merge with nuclear fusion firm TAE Technologies in $6 billion deal

Trump Media & Technology Group announced Thursday that it planned to merge with TAE Technologies, a private nuclear fusion energy company, in an all-stock transaction valued at more than $6 billion.

The deal marks a significant expansion beyond social media for Trump Media, the parent company of Truth Social. President Trump is the largest shareholder of Trump Media and will remain a major investor in the combined company following the merger.

Under the agreement, shareholders of Trump Media and TAE will each own approximately 50 percent of the new combined entity. The companies said the merger would create one of the world's first publicly traded fusion-energy companies. Trump Media, which trades on Nasdaq under the ticker DJT, said it would also inject hundreds of millions of dollars in cash into the business.

The deal is expected to close in mid-2026, subject to regulatory approvals and shareholder votes from both companies.

Devin Nunes, the former Republican congressman and current chief executive of Trump Media, will serve as co-chief executive of the combined company alongside Michl Binderbauer, who is the CEO of TAE Technologies.

The merger raises questions about potential conflicts of interest. Trump Media's involvement in the nuclear power sector places the president in competition with other energy companies over which his administration holds financial and regulatory authority. The Trump administration has already sought to accelerate safety reviews of new nuclear power plants and lower related costs, according to reporting on the deal.