Trump Media, the company that runs social network Truth Social, is pivoting to nuclear fusion. It has announced a merger with California-based fusion power company TAE Technologies and plans to start construction on a fusion power plant in 2026.
Trump Media & Technology Group will become the holding company of the new organization, though shareholders from each company will own approximately half of the newly formed firm, which the companies say will be valued at more than $6 billion. President Trump previously owned a majority share in Trump Media, but transferred that to a trust managed by his son, Donald Trump Jr., before taking office in January. Don Jr. will be one of the nine board members in the newly formed company.
The new company has ambitious plans, announcing that it intends to begin construction on “the world’s first utility-scale fusion power plant” next year and have it up and running by 2031, though it will have to find a site and secure permits first. That plant is intended to generate 50MWe, though larger 350-500MWe plants are “planned.”
“Trump Media & Technology Group built uncancellable infrastructure to secure free expression online for Americans, and now we’re taking a big step forward toward a revolutionary technology that will cement America’s global energy dominance for generations,” said Trump Media CEO Devin Nunes. “Fusion power will be the most dramatic energy breakthrough since the onset of commercial nuclear energy in the 1950s — an innovation that will lower energy prices, boost supply, ensure America’s AI supremacy, revive our manufacturing base and bolster national defense.”
TAE Technologies has been developing its fusion tech for decades, helped in part by investment from Google. The Verge visited TAE back in 2019, when the hope was that a budding new technology called “AI” might help the company crack the code and unlock fusion.
As for Trump Media, it posted a loss of almost $55 million in Q3 2025, but has substantial digital assets after branching out into crypto this May. The merger is expected to close in mid-2026, pending approval by both shareholders and, theoretically, regulators.
