- All stock transaction valued at more than 6 billion dollars creates a publicly listed fusion energy company.
- First utility scale fusion power plant targeted for siting and construction in 2026.
- Combined platform brings together capital market access and advanced fusion technology.
Trump Media and Technology Group and TAE Technologies have signed a definitive agreement to merge in an all stock transaction valued at more than 6 billion dollars, marking a significant development in the global race to commercialise fusion power.
The transaction will see shareholders of both companies each holding approximately 50 percent of the combined entity on a fully diluted basis. Once completed, the merged group is expected to be among the first publicly traded fusion energy companies globally.
The companies said the combined business plans to identify a site and commence construction of its first utility scale fusion power plant in 2026, subject to regulatory approvals. The initial facility is expected to have a capacity of 50 megawatts, with future plants planned in the range of 350 to 500 megawatts.
The merger brings together Trump Media’s balance sheet strength and access to public capital with TAE’s fusion technology, developed over more than 25 years of research and engineering. As part of the transaction, Trump Media has committed up to 200 million dollars in cash at signing, with a further 100 million dollars available upon initial regulatory filings.
TAE Technologies has built and operated five fusion reactors and has raised more than 1.3 billion dollars in private funding from a range of global investors. The company says recent technical breakthroughs have reduced reactor size, cost and complexity, positioning the technology for commercial deployment.
Following completion, the combined company will be led by co chief executives Devin Nunes of Trump Media and Dr Michl Binderbauer of TAE Technologies. Oversight will be provided by a nine-member board, expected to include representatives from both organisations as well as independent directors.
Founded in 1998, TAE Technologies is focused on delivering carbon free, dispatchable electricity and industrial heat without the risks associated with conventional nuclear power. In addition to fusion energy, the group also operates businesses in advanced power solutions and life sciences.
The transaction has been approved by both boards and is expected to close in mid 2026, subject to shareholder and regulatory approvals.
Author: Bryan Groenendaal
