Trump Media agrees to merge with Google-backed fusion energy company TAE for $6 billion to build 'world's first practical-scale nuclear fusion power plant'
On December 18, 2025, Trump Media, a company partially owned by President Trump, announced that it had entered into an all-stock merger agreement with TAE, a pioneering nuclear fusion energy company. The transaction is valued at more than $6 billion (approximately 912 billion yen), and upon completion, shareholders of both companies will each own approximately 50% of the new company. The new company plans to begin construction of the world's first practical-scale nuclear fusion power plant in 2026.
Trump Media & Technology Group to Merge with TAE
Trump Media group agrees $6bn merger with Google-backed fusion energy company
https://www.ft.com/content/1e1978d5-535b-4241-872f-38db778df694
Trump Media to Merge With TAE Technologies, a Nuclear Fusion Firm, in a $6 Billion Deal - The New York Times
https://www.nytimes.com/2025/12/18/business/trump-media-tae-technologies-fusion-power-deal.html
Trump Media operates the social media platform 'Truth Social' and has total assets of $3.1 billion (approximately 471 billion yen) as of the end of the third quarter of 2025, including cryptocurrencies.
Donald Trump launches new social media platform 'TRUTH Social' - GIGAZINE
TAE, with over 25 years of R&D experience and having raised over $1.3 billion in private capital from investors including Google, Chevron, and Goldman Sachs, claims that its proprietary nuclear fusion technology has enabled it to reduce the size, cost, and complexity of nuclear reactors.
The merger will be an all-stock exchange, with each company's shareholders expected to own roughly 50% of the shares upon completion. The management structure will see Trump Media CEO Devin Nunes and TAE CEO Michil Bindelbauer serve as co-CEOs, with President Trump's son, Donald Trump Jr., remaining on the board of directors.
According to the announcement, the first power plant will be 50MWe in scale, with plans to build additional plants of 350-500MWe in the future. However, this explanation is premised on obtaining the necessary approvals, and the focus will be on future progress, including technical aspects.
The merger is described as a 'strategic bet' against the backdrop of a surge in electricity demand due to the spread of AI. The fusion power plant's ability to provide cheap, abundant, and stable electricity is expected to be key to America's victory in the AI revolution and maintaining its global economic dominance.
'This groundbreaking technology will solidify American energy dominance for generations to come,' Nunes said.
Following the merger announcement, Trump Media's shares rose 42% on the Nasdaq market, closing at $14.86 (approximately 2,260 yen).
The international race to develop nuclear fusion is intensifying, with the British government recently announcing a £5.6 million (approximately 1.1 billion yen) investment in a joint venture with TAE. China is also investing heavily in nuclear fusion research, with a $2.1 billion (approximately 319 billion yen) investment planned for 2025 in a new company in Shanghai, as countries around the world compete for next-generation clean energy dominance. The new company plans to accelerate development with the aim of first supplying electricity by 2031.
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