Trump Media bets on fusion energy with $6 billion TAE deal
- Deal adds fusion power to Trump family's diverse ventures
- Trump Media to be holding company housing both firms' divisions
- To start building world's first utility-scale fusion power plant in 2026
- Fusion industry reps recently met with US Energy Dept reps
Dec 18 (Reuters) - U.S. 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.
The all-stock deal announced on Thursday is an ambitious bet on the power boom spurred by artificial intelligence data-centers and adds to the Trump family's growing roster of diverse ventures from cryptocurrency to real estate holdings and mobile services.
