Article

Trump Media & Technology Group Corp. (TMTG) is merging with TAE Technologies in an all-stock transaction valued at over $6 billion, creating one of the first publicly traded fusion companies. The merger will result in TMTG and TAE shareholders each owning approximately 50% of the combined entity.

Devin Nunes of TMTG and Dr. Michl Binderbauer of TAE will serve as co-CEOs. The new company plans to begin construction on the world's first utility-scale fusion power plant in 2026, aiming to provide economic and dependable electricity to support America's energy security and AI dominance.

TAE has raised over $1.5 billion in private capital and developed advanced fusion technology over 25 years, having safely operated five fusion reactors. The transaction is expected to close in mid-2026, pending regulatory approvals.