Trump Media to merge with TAE in a sweeping all-stock transaction valued at $6 billion, a deal the companies say would vault fusion energy into public markets and reshape the future of power generation.
Announced Thursday, the agreement pairs Trump Media and Technology Group, operator of the Truth Social platform, with TAE Technologies, a privately held company that has spent more than two decades chasing the promise of fusion — the same reaction that fuels the sun.
A Rare Fusion Play Goes Public
If completed, the merger would create one of the first publicly traded fusion energy companies, turning a long-theorized energy source into a Wall Street story. The deal is expected to close in mid-2026, with shareholders of each company owning roughly 50% of the combined entity.
The transaction is being guided by DLA Piper (U.S.) LLP for Trump Media and Baker Botts LLP for TAE.
Cash, Stock and a Commercial Push
Under the terms, Trump Media has agreed to contribute up to $200 million in cash at signing, with an additional $100 million available after regulatory filings. Trump Media said its balance sheet would help accelerate TAE’s push from experimental reactors to commercial reality.
Following the merger, Trump Media will become the holding company for its media platforms alongside TAE’s fusion, power systems and life sciences businesses.
