https://x.com/GetTheDailyDirt/status/2001979789129957493
THE DON'S BIG BET ON FUSION POWER AND AI DATA CENTERS: Trump Media Merges with TAE Technologies in $6B Nuclear Fusion Venture
TRUMP MEDIA PIVOTS TO FUSION ENERGY: Trump Media & Technology Group is merging with TAE Technologies in an all-stock deal valued at over $6 billion, creating one of the first publicly traded nuclear fusion-focused companies.
INVESTING IN POLITICAL POWER: Michael B. Schwab of Big Sky Partners is expected to become chairman of a planned nine-member board overseeing the merger.
BUSINESS NEWSWIRE: Industry groups stress fusion’s potential benefits but emphasize high R&D costs and hurdles, as seen in large projects
Trump Media & Technology Group, the social media and crypto company is part owned by President Donald Trump
President Trump is making its most audacious bet yet -- veering away from social media and plunging headfirst into nuclear.
CEO Michl Binderbauer and Trump Media’s Devin Nunes call the venture a game-changing path to transform America’s energy supply and bolster AI leadership, manufacturing revival, and national defense.
This the latest twist surrounding Trump Media & Technology Group, the publicly traded parent company of Truth Social that has become a new pillar in Trump’s business empire over the last two years.
Trump, who is the largest owner of TMTG, with more than 114 million shares, saw the value of his stake jump by about $400 million to about $1.6 billion.
Trump Media operates Truth Social with an estimated user base in the low millions compared to Billionaire Mark Zuckerberg Meta Platforms‘ billions --- and Elon Musk's X News Discussion Platform’s hundreds of millions.
TAE Technologies plans to begin construction on its first commercial fusion plant in 2026 despite no operating fusion plants globally producing net energy for the grid.
HERE COME THE DISCLAIMERS: Fusion Remains Unproven
Historical context notes that fusion milestones are limited, with ignition achieved in 2022 but no net energy gain yet, illustrating the gap to commercial viability.
There are regulatory and legal gray areas, as well as, possible access to support grants and loans.
But permit approvals are needed and industry observers flag potential conflicts of interest and the broader context of fusion funding and government involvement.
Industry groups stress fusion’s potential benefits but emphasize high R&D costs and hurdles, as seen in large projects like ITER.
BOTTOM LINE: The story, reflects the author’s opinion and is not investment advice.
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