Trump’s social media company now entering fusion power business

WASHINGTON: Truth Social’s parent company Trump’s Media and Technology Group has announced that it will merge with TAE Technologies, a nuclear fusion company, in an all-stock deal valued at more than $6 billion.

The merger could reshape Trump Media. Truth Social, struggling beyond Trump’s core base with $2.7 million revenue in nine months and a 69 per cent stock drop in 2025, saw shares jump 20 per cent on Thursday after the announcement, according to New York Times.

President Trump is the company’s largest shareholder, with a stake now worth over $1 billion—down from over $4 billion at its peak. His shares are held in a trust managed by his eldest son, Donald Jr., who also sits on the board. Trump has not commented on the deal.

If the merger proceeds, it would form one of the world’s first publicly traded nuclear fusion companies. Though still experimental, fusion is attracting tech interest for its potential as a clean energy source, particularly to power energy-intensive AI data centres.