President Donald Trump’s social media company, Trump Media and Technology Group, announced on Thursday that it is merging with TAE Technologies, a Southern California-based company that has pursued fusion power for nearly three decades. The all-stock transaction is valued at more than $6 billion. This move expands Trump Media’s presence into the emerging fusion power sector, a field gaining attention as data centers demand more electricity during the current artificial intelligence boom.
Trump Media and Technology Group is the parent company of Truth Social, the microblogging platform created after the former president was banned from major social media platforms following the January 6 attacks on the U.S. Capitol. At its launch, the platform was described as a rival to the liberal media and a tool to fight back against Big Tech companies.
The company became public last year by merging with a special-purpose acquisition company, a method for private firms to raise money quickly. For the quarter ending September 30, 2025, Trump Media reported a loss of $54.8 million on revenue of $972,900. While Truth Social and its streaming platform have generated little revenue, the company has amassed $3.1 billion in assets, largely through cryptocurrency investments and partnerships.
Trump Media CEO Devin Nunes, a former Republican congressman, stated the acquisition of TAE would cement America’s global energy dominance for generations. The companies plan to site and begin construction on what they call the world’s first utility-scale fusion power plant next year, with a capacity of 50 megawatts. They have further plans for fusion plants expected to generate between 350 and 500 megawatts of electricity.
However, the path for fusion power remains uncertain. To date, only one experimental device has proven that controlled fusion reactions can generate more power than they consume. Several other companies, including Bill Gates-backed Commonwealth Fusion Systems and Sam Altman-backed Helion, are racing to deliver fusion power to the grid in the early 2030s.
Success for any fusion startup could mean delivering gigawatts of clean, continuous power using hydrogen isotopes from seawater. Inside a reactor, these isotopes are heated and compressed into a plasma. When particles in the plasma collide and merge, they release tremendous heat that can be harvested for electricity.
TAE Technologies has been developing fusion devices since the late 1990s, raising nearly $2 billion in total funding. Its latest design uses magnetic fields from rotating plasma to achieve stability. The company has also created a life sciences division, selling a version of its particle accelerator for cancer radiation treatment.
Following the merger, Devin Nunes and TAE CEO Dr. Michl Binderbauer will serve as co-CEOs of the combined company.