Trump Media Broadens Ambitions, Entering Fusion Energy Through Major Merger

According to Bloomberg, the transaction will be structured as an all-stock merger, with shareholders of Trump Media and TAE each owning roughly half of the newly combined company once the deal is completed. TAE Technologies is a privately held firm founded in 1998 that has spent decades working on fusion research and development.

The merger represents another sharp shift in direction for Trump Media, which has rolled out a series of new initiatives this year well beyond social media. Per Bloomberg, the company has outlined ambitions ranging from cryptocurrency holdings to financial services offerings and even sports betting markets, signaling a broad attempt to diversify its business model.

The move into fusion energy also aligns with the broader policy environment under President Donald Trump. According to Bloomberg, Trump has emphasized expanding nuclear power capacity, signing an executive order aimed at starting construction on 10 large traditional nuclear reactors by 2030 and advocating the use of government funds to restart previously closed nuclear facilities.

Fusion energy, while distinct from conventional nuclear power, has also drawn support from the administration. Per Bloomberg, Energy Secretary Chris Wright has suggested that commercial fusion electricity could be achievable within the next decade. The Department of Energy recently established a new Office of Fusion as part of a wider reorganization designed to reflect the administration’s energy priorities.

Interest in fusion surged after scientists achieved a key milestone in 2022 by producing fusion reactions under laboratory conditions. According to Bloomberg, the promise of fusion lies in its potential to deliver abundant, low-carbon energy, though major hurdles remain. The technology is expensive, technically complex, and has yet to be proven at a commercial scale.

As part of the merger, Trump Media plans to invest up to $300 million into TAE Technologies. Per Bloomberg, TAE Chief Executive Officer Michl Binderbauer said the additional funding could help speed up efforts to build a working fusion power plant.

“Capital is now becoming our biggest challenge,” he said during a conference call Thursday.

The combined company expects to break ground next year on what it describes as the world’s first utility-scale fusion power plant. According to Bloomberg, Binderbauer anticipates the facility could begin delivering its first electricity in 2031, marking a significant milestone if the ambitious timeline can be met.

Source: Bloomberg