Trump Media & Technology Group (NASDAQ:DJT) and TAE Technologies have announced a landmark merger valued at over $6 billion, positioning the combined entity as one of the first publicly traded companies in the burgeoning fusion energy sector.
The all-stock transaction is expected to see shareholders of both companies holding an approximately equal stake of 50% in the merged entity on a fully diluted basis.
As part of the deal, TMTG will provide up to $200 million in funding at the signing, with an additional $100 million to be contributed upon the initial S-4 filing.
This capital infusion will help support the ambitious plans of the combined company, which includes the construction of a 50 MWe utility-scale fusion plant slated to begin in 2026, contingent on the necessary regulatory approvals.
The company has also set its sights on future plants with a capacity ranging from 350 to 500 MWe.
The merger underscores the growing interest in clean and renewable energy sources, with fusion power holding the potential to provide a virtually limitless and clean energy supply.
The planned fusion plants would mark significant milestones in the development of commercial fusion energy, a field that has garnered attention from investors and governments alike due to its promise of transforming the global energy landscape.
TAE Technologies, a leader in advanced fusion energy research, brings decades of expertise and technological advancements to the partnership, while TMTG’s media and financial resources will provide the combined company with the necessary capital and visibility to achieve its long-term goals.
The merger is expected to close by mid-2026, subject to customary shareholder and regulatory approvals.