Overview
- The companies issued site criteria that include at least 20 acres, access to a major power grid, proximity to cities and airports, skilled labor, supportive state and local governments, and robust security capabilities.
- Devin Nunes said discussions are underway with multiple states and stated the plant will be built only in a red state.
- The initial facility is planned at roughly 50 megawatts with subsequent plants projected at 350 to 500 megawatts using TAE’s beam-driven fusion approach.
- The all-stock merger is valued at more than $6 billion with a targeted close in mid-2026 pending shareholder votes and regulatory review.
- Market data show DJT shares up about 27% since the merger announcement as short interest rose roughly 31% to nearly 16 million shares, and Reuters reports the president’s stake would fall from about 40% to around 20% after the deal.