Overview
- Boards have approved the transaction, with closing expected in mid-2026 subject to shareholder and regulatory approvals.
- Shareholders of each company would own about 50% of the combined firm, and Trump Media has committed up to $300 million in staged cash support to TAE.
- Devin Nunes and Michl Binderbauer will serve as co-CEOs of the merged company, and Donald Trump Jr. is expected to join the board.
- The companies say they will identify a site and begin constructing what they call a 50-megawatt utility-scale fusion plant in 2026, with 2031 discussed as a target for first power.
- Trump Media shares jumped roughly 25%–40% after the announcement as the companies frame the move as addressing AI data center power demand, while experts note fusion remains unproven commercially.