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Truth Social parent announces $6B merger with TAE

Story Highlights
  • Trump Media & Technology Group and TAE Technologies agreed on December 18, 2025 to merge in an all-stock deal valued above $6 billion, giving each side about half of the combined company and positioning it as one of the first publicly traded fusion businesses.
  • The merger will transform TMTG into a diversified holding company spanning media, fintech, fusion energy and related technologies, supported by up to $300 million in near-term funding for TAE and plans to start building a utility-scale fusion power plant in 2026, pending approvals.
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Truth Social parent announces $6B merger with TAE

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The latest update is out from Truth Social ( (DJT) ).

On December 18, 2025, Trump Media & Technology Group and fusion energy developer TAE Technologies announced a definitive agreement for an all-stock merger valued at more than $6 billion, under which a TMTG subsidiary will merge into TAE, leaving TAE as a wholly owned subsidiary and giving each company’s shareholders roughly 50% of the combined entity on a fully diluted basis. The transaction, approved by both boards and expected to close in mid-2026 subject to shareholder and regulatory approvals, is designed to create one of the first publicly traded fusion businesses by pairing TMTG’s access to capital with TAE’s long-developed fusion technology; TMTG has committed up to $300 million in near-term funding, and the combined company plans to select a site and begin construction of a 50 MWe utility-scale fusion power plant in 2026, with larger 350–500 MWe plants to follow. Upon completion, Trump Media & Technology Group will become a holding company for its media and fintech brands alongside TAE’s fusion, power solutions and life sciences operations, with a nine-member board led by chair-designate Michael B. Schwab and co-CEOs Devin Nunes and Michl Binderbauer, a structure that underscores an ambitious shift in TMTG’s strategic scope and could significantly influence both its capital deployment profile and the emerging market for commercial fusion power.

More about Truth Social

Trump Media & Technology Group is a Florida-based digital media and technology company that operates the social platform Truth Social, the streaming service Truth+, and is launching the financial services brand Truth.Fi, with a stated focus on free-speech-oriented social media, family-friendly video content, and “America First” investment products. Since going public in March 2024, the company has built a sizable balance sheet, reporting total financial assets of $3.1 billion as of the third quarter of 2025. TAE Technologies, founded in 1998, is a U.S. fusion power developer focused on commercial, utility-scale fusion energy that aims to deliver reliable, carbon-free electricity and industrial heat, and it also owns stakes in TAE Power Solutions, which provides energy storage and power delivery systems, and TAE Life Sciences, which develops cancer treatment technologies.

Average Trading Volume: 5,787,283

Technical Sentiment Signal: Sell

Current Market Cap: $3B

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