TAE Technologies, a Foothill Ranch, California, company that has been developing a compact nuclear-fusion reactor design since 1998, announced that it would merge with Trump Media & Technology Group Corp., the Florida-based parent firm of President Trump's Truth Social.
The all-stock transaction would value the combined company at $6 billion, a substantial increase from TMTG's $4.16 billion market cap as of Thursday, and a step up from 2021, when its financial struggles reportedly led Trump to ask Elon Musk to buy his social network.
The parties predict that the deal will close in the middle of 2026.
šø: Samuel Corum/Sipa/Bloomberg via Getty Images
#NuclearFusion #TrumpMedia #TruthSocial #TAETechnologies #BusinessNews
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