Trump’s Media Company Inks Deal With Business Seeking Holy Grail Of Energy
Trump Media & Technology Group (TMTG) announced a merger Thursday with the nuclear fusion company, TAE Technologies (TAE). The all-stock transaction is valued at more than $6 billion, according to TMTG. President Donald…
Trump Media & Technology Group (TMTG) announced a merger Thursday with the nuclear fusion company, TAE Technologies (TAE).
The all-stock transaction is valued at more than $6 billion, according to TMTG. President Donald Trump has previously moved to bolster nuclear Energy through executive action — though fusion technology has infamously struggled to deliver commercially viable and grid-scale power, despite decades of research.
“Trump Media & Technology Group built uncancellable infrastructure to secure free expression online for Americans, and now we’re taking a big step forward toward a revolutionary technology that will cement America’s global Energy dominance for generations,” Devin Nunes, TMTG Chairman and CEO, said in a statement. “Fusion power will be the most dramatic Energy breakthrough since the onset of commercial nuclear