Trump Media & Technology will merge with a fusion power company in an all-stock deal that the companies say is valued at more than $6 billion.

President Donald Trump is getting into the fusion power business through a $6 billion merger of his social media firm and Google-backed TAE Technologies, announced just days after industry leaders met with U.S. Energy Department representatives to urge federal funding.

All-stock merger aims to tap AI-driven energy demand, sending Trump Media shares up 35 per cent after a year of heavy losses.

All-stock merger aims to tap AI-driven energy demand, sending Trump Media shares up 35 per cent after a year of heavy losses.

Trump Media & Technology Group, the struggling company that owns the US president's Truth Social platform, announced Thursday a $6 billion merger with fusion power company TAE Technologies, in an unexpected pivot into energy technology. TAE Technologies, founded in 1998, says its fusion technology could provide abundant electricity to power AI infrastructure.

Trump Media & Technology Group, the struggling company that owns the US president's Truth Social platform, announced Thursday a $6 billion merger with fusion power company TAE Technologies, in an unexpected pivot into energy technology. TAE Technologies, founded in 1998, says its fusion technology could provide abundant electricity to power AI infrastructure.

The joint company plans to begin construction on the world’s first utility-scale fusion power plant. Read more at straitstimes.com. Read more at straitstimes.com.

Dec. 18 (UPI) -- Trump Media announced Thursday that it's merging with TAE Technologies, a nuclear fusion company, in a $6 billion agreement.

Trump Media & Technology will merge with a fusion power company in an all-stock deal that the companies said Thursday is valued at more than $6 billion.

Dec 18 : U.S. President Donald Trump's social media firm is entering the fusion-power business through a $6 billion merger with privately held TAE Technologies, betting on the 7experimental technology as AI datacenters drive a surge in energy demand.The all-stock deal announced on Thursday comes just days aft

Trump Media & Technology Group, the parent company of Truth Social, announced a merger agreement with nuclear-fusion company TAE Technologies in an all-stock deal valued at more than $6 billion.

Trump Media & Technology shares surge after announcing a $6 billion all-stock merger with fusion startup TAE Technologies.

Trump Media & Technology Group, the social media and crypto company part owned by President Trump, said it would help develop a “utility-scale fusion power plant.”

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