Trump Media has announced an all stock merger with fusion energy firm TAE Technologies valued at around $6 billion, marking a significant expansion beyond its core social media business and into advanced energy infrastructure. The deal positions Trump Media as a holding company overseeing a range of businesses, including its Truth Social platform and TAE’s fusion, power solutions, and life sciences divisions. The transaction reflects growing interest in nuclear fusion as electricity demand accelerates, driven in part by artificial intelligence data centers and broader electrification trends. Shares of Trump Media surged sharply following the announcement, reversing some of the steep losses the stock has experienced over the past year as investors responded to the prospect of a new long term growth narrative tied to next generation energy.
Under the terms of the deal, shareholders of Trump Media and TAE Technologies will each own roughly half of the combined entity once the merger closes, which is expected in mid 2026. Trump Media has agreed to provide up to $200 million in cash at signing, with additional funding linked to regulatory filings. The transaction would also dilute President Donald Trump’s ownership stake in Trump Media, though he would remain a significant shareholder. TAE, which is backed by major technology investors, has spent decades pursuing commercial nuclear fusion, a process that promises cleaner and more reliable power but has yet to achieve large scale viability. The companies plan to begin construction of what they describe as the world’s first utility scale fusion power plant as early as next year, subject to regulatory approvals.
The deal has drawn attention not only for its scale but also for its political and policy implications. Interest in fusion has intensified as governments and private companies explore alternatives to meet rising power demand, and the US Energy Department has recently increased its engagement with the sector. At the same time, critics have raised concerns about potential conflicts of interest, given the Trump family’s expanding business portfolio and its intersection with public policy. Lawmakers have called for oversight to ensure that any future public support for fusion development is allocated transparently. As the merger moves toward completion, markets and policymakers alike will be watching whether this high profile bet can translate ambitious fusion research into commercially viable power generation.
