Trump Media to merge with nuclear fusion firm in $6bn deal
AI Summary
Trump Media & Technology Group (TMTG), the company behind Truth Social, plans to merge with TAE Technologies, a Google-backed nuclear fusion energy firm, in a deal valued at over $6 billion. The merger aims to create a publicly traded fusion company and construct the world's first utility-scale fusion power plant starting next year. Both firms will have equal ownership, with the deal expected to close by mid-2026, pending approvals. The combined company will have a nine-member board including Devin Nunes and Donald Trump Jr. TAE Technologies, which also develops technology for energy storage and cancer treatment, has raised over $1.3 billion from investors like Google and Goldman Sachs. Trump Media will provide up to $200 million in cash to TAE Technologies upon signing, with an additional $100 million available after registration.
Key Entities & Roles
Keywords
Sentiment Analysis
Source Transparency
This article was automatically classified using rule-based analysis. The political bias score ranges from -1 (far left) to +1 (far right).
Topic Connections
Explore how the topics in this article connect to other news stories