Donald Trump is going nuclear. The US president's company is merging with the giant, and his son will sit on the management board
2025-12-21 06:00
publication
2025-12-21 06:00
The US president's company, Trump Media and Technology Group (TMTG), has entered into a merger with TAE Technologies, which plans to build the first power plant based on nuclear fusion.
In a press release issued by both companies on Thursday, it was announced that they had signed a binding merger agreement through the exchange of shares worth more than USD 6 billion. The merger aims to leverage TMTG's “access to significant capital” and “leading nuclear fusion technology” to provide the electricity needed to advance artificial intelligence.
TMTG is the company behind Trump's Truth Social social networking site, as well as other media and cryptocurrency initiatives. Despite the market valuation of USD 2 billion. in the first nine months it recorded sales revenues of USD 3 million. By the time the merger was announced, the value of the company's shares had fallen by over 70 percent during the year, but on Thursday, in the first hour of trading on Wall Street, the increase reached 40 percent.
The Californian company TAE Technologies is supported by, among others, by Google, developing nuclear fusion technology, plans to build a prototype commercial fusion power plant in 2030. Plans assume construction will start next year, and the first electricity is expected to flow in 2031.
Work on using nuclear fusion – the joining of the nuclei of light atoms – to produce electricity has been going on for decades, and in recent years there have been a number of breakthroughs in this technology. In 2022, scientists at James Livermore's US government laboratory for the first time produced more energy through fusion than they supplied.
According to Axios, which cites its sources, the combined company will focus exclusively on the energy sector, which means that Donald Trump's social networking site may be sold or transferred to another company. The president's son, Donald Trump Jr., is expected to sit on the company's board.
From Washington Oskar Górzyński (PAP)
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