Quick take:
- The combined company plans to begin construction at the start of 2026 to provide electricity for the AI industry.
- Richard Painter, a former White House ethics lawyer in the George W. Bush administration, believes the new company will require a lot of investment and regulation to advance.
- Devin Nunes, a former Republican congressman and CEO of Trump Media, will be co-CEO of the new company with TAE CEO Michl Binderbauer.
Trump Media & Technology Group Corp (NASDAQ: DJT), the parent organization of President Trump’s Truth Social platform, has announced a merger with TAE Technologies, a nuclear fusion energy company. The all-stock deal, which sees the Trump name paired with a futuristic clean energy venture, is valued at more than $6 billion, the companies said on Thursday.
The combined company plans to begin construction at the start of 2026 to provide electricity for the AI industry. Nuclear fusion, which generates electricity without leaving a carbon print, has proved to be one of the most complicated technologies to implement feasibly, at scale.
Richard Painter, a former White House ethics lawyer in the George W. Bush administration, believes the new company will require a lot of investment and regulation to advance.
According to the announcement, Devin Nunes, a former Republican congressman who resigned in 2021 to become CEO of Trump Media, will be co-CEO of the new company with TAE CEO Michl Binderbauer.
Founded in 1998, TAE, which is backed by some of the biggest companies, including Google, Chevron, and Goldman Sachs, has been a private entity. Its merger with the publicly listed Trump Media & Technology Group makes the new combined company one of the first publicly traded nuclear fusion companies.
“We’re taking a big step forward toward a revolutionary technology that will cement America’s global energy dominance for generations,” Nunes said in a prepared statement.
The artificial intelligence industry requires lots of computing power to advance into the next phase of deployment, which in turn requires a lot of electric energy. Power has been highlighted as one of the potential bottlenecks to the advancement of AI.
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