Trump Media Merges with Fusion Energy Firm
Update: 2025-12-19
Description
Trump Media and Technology Group, led by former President Trump, is merging with TAE Technologies, a fusion energy firm, in a six-billion-dollar deal. This strategic move aims to diversify and raise funds, with plans to build the first utility-scale fusion power plant in 2026. TAE Technologies, founded in 1998, has been working on commercial-scale nuclear fusion, a process that could revolutionize energy production. The merger values each TAE Technologies share at $53.89, with Trump Media providing $200 million in cash upon closing. Following the announcement, Trump Media shares surged by 50%, increasing their capitalization to over $4.5 billion.
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