Trump Media, owner of Truth Social, announced a merger with a company developing fusion power technology.

 

Trump Media, the parent company of the Truth Social platform, announced a merger with fusion energy company TAE Technologies, paying shareholders of the two existing companies in stock of the new company. The estimated value of the merger is approximately $6 billion.

Founded in 1998, TAE Technologies develops technology to commercially generate electricity using fusion energy. Its key features include stability, low cost, zero carbon footprint, and reduced risks compared to nuclear power. The company has major investors such as Google and Chevron.

The newly merged company plans to build its first fusion power plant within the next 12 months.