Trump Media to merge with fusion energy firm in $6bn deal

The company behind President Trump's Truth Social platform makes a surprising move into the energy sector.

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Trump Media & Technology Group (TMTG) and TAE Technologies announced the plans on Thursday in a joint statement, which said the move would "create one of the world's first publicly traded fusion companies".

Fusion power is a method of generating energy from heat released by nuclear fusion reactions. It could release vast amounts of energy with little associated radioactivity.

The statement said the combined company planned to begin constructing the "world's first utility-scale fusion power plant" next year, with further plants to follow.

Under the merger both firms will have an equal 50% share in ownership after the deal is completed, which is expected by mid-2026 pending regulatory and shareholder approvals.