Trump Media is merging with a Google-backed fusion energy company in a deal worth $6 billion
Trump Media, the company behind the social media platform Truth Social, is merging with TAE Technologies, a Google-backed fusion energy company, in a $6 billion deal. The combined entity aims to build the "world's first utility-scale fusion power plant." TAE Technologies has been working on fusion energy since the 1990s and has attracted investment from companies like Google and Chevron. Trump Media, known for its association with former U.S. President Donald Trump, will provide TAE Technologies with access to significant capital, though the source of this funding is unclear. The merger is an all-stock deal, and there are concerns about potential legal and regulatory challenges, as well as the feasibility of achieving commercial-scale fusion power in the timeframe suggested by the companies. Experts believe that the timeline for realizing this goal is likely much longer than the "five-ish years" mentioned by TAE's CEO.
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