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Trump Media To Merge With Nuclear Fusion Startup [Yahoo! Finance]
Last chevron corporation earnings: 5/1 06:45 am
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to buy California-based fusion startup TAE Technologies in a $6-billion merger, creating one of the world's first publicly traded nuclear fusion companies. The merger is structured as an all-stock transaction whereby shareholders of both companies will each own roughly 50% of the new entity with the deal expected to close in mid-2026. TMTG agreed to provide TAE Technologies with up to $200 million in cash upon signing and an additional $100 million upon filing regulatory documents. The combined company will be led by co-CEOs Devin Nunes (current CEO of TMTG) and Michl Binderbauer (CEO of TAE), with Donald Trump Jr. also slated to join the board. Founded in 1998, TAE Technologies aims to deploy commercial, utility-scale fusion energy. The company plans to commence construction of its first fusion power plant in 2026, expected to generate 350-500 MWe. TAE Technologies has raised more than $1.3 billion thanks to backing by high-profile investors, including Google, Chevron Corp.'s (NYSE
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