"Trump Media & Technology Group, the parent company of Truth Social, announced Thursday that it will merge with TAE Technologies, a privately held nuclear fusion developer, in an all-stock transaction valued at more than $6 billion. The deal will create one of the first publicly traded nuclear fusion companies in the United States and marks President Donald Trump's entry into the highly regulated nuclear energy sector."
"The merger represents a dramatic pivot for Trump Media, which has struggled this year, with its stock down roughly 60% through Wednesday, even as the broader S&P 500 is up by double digits. Trump Media reported a net loss of $54.8 million in the third quarter of 2025 on revenue of just $972,900. The company has recently diversified beyond its core social media platform into cryptocurrency, artificial intelligence, and streaming services."
Trump Media & Technology Group will merge with TAE Technologies in an all-stock transaction valuing the combined company at more than $6 billion and creating one of the first publicly traded U.S. nuclear fusion companies. Shareholders of both companies will each own roughly 50% of the combined entity on a fully diluted basis, with TAE shares valued at $53.89 based on Trump Media's trailing 30-day VWAP as of December 17. Trump Media's stock jumped 28% premarket. Trump Media reported a Q3 2025 net loss of $54.8 million on $972,900 revenue and holds sizable digital and short-term investments. TAE, founded in 1998, has raised over $1.3 billion, built five fusion reactors, and holds more than 1,600 fusion-related patents. Devin Nunes and Michl Binderbauer will serve as co-CEOs, with Nunes continuing to lead Trump Media brand operations.
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