Trump Media announces merger with fusion power company / Photo: © AFP
RYCEF
0.2200
The China Mail - Trump Media announces merger with fusion power company
USD
-
AED 3.67295
AFN 66.00018
ALL 80.066009
AMD 365.249926
ANG 1.789783
AOA 917.999667
ARS 1494.994298
AUD 1.411353
AWG 1.8
AZN 1.713532
BAM 1.689844
BBD 2.014455
BDT 122.025082
BGN 1.696366
BHD 0.377025
BIF 2987.5
BMD 1
BND 1.278101
BOB 11.57661
BRL 5.215298
BSD 1.000186
BTN 95.649807
BWP 13.500717
BYN 3.042111
BYR 19600
BZD 2.011569
CAD 1.39041
CDF 2270.000582
CHF 0.812175
CLF 0.023452
CLP 923.070272
CNY 6.743298
CNH 6.74695
COP 3115
CRC 449.280935
CUC 1
CUP 26.5
CVE 95.270804
CZK 20.90175
DJF 177.71974
DKK 6.457785
DOP 58.739626
DZD 132.910036
EGP 50.530501
ERN 15
ETB 161.79626
EUR 0.86381
FJD 2.208964
FKP 0.73738
GBP 0.738805
GEL 2.597447
GGP 0.73738
GHS 11.084996
GIP 0.73738
GMD 73.495518
GNF 8786.186101
GTQ 7.629268
GYD 209.249883
HKD 7.843885
HNL 26.817351
HRK 6.5088
HTG 130.825457
HUF 316.033501
IDR 17879
ILS 2.994501
IMP 0.73738
INR 95.78175
IQD 1310.281367
IRR 1374574.999375
ISK 122.830168
JEP 0.73738
JMD 158.0373
JOD 0.708972
JPY 159.589498
KES 129.440318
KGS 87.450282
KHR 4043.000285
KMF 424.99973
KPW 900.000294
KRW 1412.889818
KWD 0.30877
KYD 0.833492
KZT 461.941214
LAK 22540.942885
LBP 89566.055097
LKR 331.989787
LRD 181.533065
LSL 16.225889
LTL 2.95274
LVL 0.60489
LYD 6.372987
MAD 9.293278
MDL 17.253028
MGA 4307.91296
MKD 53.154037
MMK 2099.801401
MNT 3596.870401
MOP 8.080213
MRU 40.113705
MUR 47.000387
MVR 15.449939
MWK 1734.288331
MXN 17.071398
MYR 4.059898
MZN 63.90505
NAD 16.225889
NGN 1350.07937
NIO 36.807113
NOK 9.41944
NPR 153.044147
NZD 1.702455
OMR 0.384477
PAB 1.000168
PEN 3.368628
PGK 4.494615
PHP 61.854958
PKR 277.579544
PLN 3.73572
PYG 6034.292824
QAR 3.656087
RON 4.530701
RSD 101.410313
RUB 84.900741
RWF 1473.708766
SAR 3.746587
SBD 8.032258
SCR 13.871434
SDG 601.495489
SEK 9.539055
SGD 1.278475
SHP 0.740866
SLE 24.575006
SLL 20969.499227
SOS 571.633467
SRD 37.967015
STD 20697.981008
STN 21.16841
SVC 8.751625
SYP 13001.999906
SZL 16.214138
THB 33.10203
TJS 9.241503
TMT 3.51
TND 2.92919
TOP 2.40776
TRY 47.914301
TTD 6.782414
TWD 31.9439
TZS 2649.998035
UAH 44.804538
UGX 3730.824229
UYU 40.349581
UZS 11822.340881
VES 771.57685
VND 26177
VUV 118.338592
WST 2.726312
XAF 566.740682
XAG 0.015674
XAU 0.00023
XCD 2.70255
XCG 1.802598
XDR 0.707052
XOF 566.75782
XPF 103.042635
YER 237.125047
ZAR 16.266201
ZMK 9001.202368
ZMW 18.677991
ZWL 321.999592
- UN atomic watchdog says found tons of nuclear material at Syria site
- Bayern's Musiala reveals 'neurological disorder' after on-field collapse
- Ecuadoran diplomat enters race to be next UN chief
- Angelique Kidjo immortalised on Hollywood Walk of Fame
- Firefighters in 'crucial' push to encircle Belgian wildfire
- US sanctions ICC chief Tomoko Akane of Japan
- France to expel two Iranian diplomats: foreign minister
- US moves to open vast tracts of pristine forests to logging
- Spain's Granada closes iconic Alhambra as new quake hits
- US sanctions International Criminal Court chief Tomoko Akane of Japan
Trump Media announces merger with fusion power company
Trump Media & Technology Group, the struggling company that owns the US president's Truth Social platform, announced Thursday a $6 billion merger with fusion power company TAE Technologies, in an unexpected pivot into energy technology.
The all-stock transaction will see shareholders of each company hold approximately 50 percent of the combined entity, which plans to begin construction of what it calls the world's first utility-scale fusion power plant in 2026.
Trump Media's share price has slumped by about 70 percent in the past year but was up nearly 25 percent after the announcement.
Trump Media CEO Devin Nunes, a former Republican congressman, said the deal represents "a big step forward toward a revolutionary technology that will cement America's global energy dominance for generations."
Fusion power plants would generate electricity through the same process that powers the Sun, a goal long pursued by researchers, though no commercially viable project has yet been built despite decades of research.
The unusual tie-up comes as the Trump administration pushes power-hungry AI technology that will require a massive build-out of energy sources.
AI data centers are posing an increasing burden on US power grids, and the White House is encouraging the fast-tracking of energy projects to meet demand.
TAE Technologies, founded in 1998, says its fusion technology could provide abundant electricity to power AI infrastructure.
The California-based company has built five fusion reactors and employs over 400 people, including 62 Ph.D. holders, a statement said.
The company has raised more than $1.3 billion from investors including Google, Chevron and Goldman Sachs. Trump Media has agreed to provide up to $300 million in cash to TAE.
Trump Media has launched several projects in recent months, including cryptocurrency-related financial products and a video streaming platform, but generated only $1.7 million in revenue in the first half of 2025.
Nunes and TAE CEO Michl Binderbauer will serve as co-CEOs of the combined company, while Michael Schwab of Big Sky Partners is expected to chair a nine-member board that will include Donald Trump Jr., the president's son.
The transaction requires shareholder and regulatory approval and is expected to close by mid-2026.
X.Gu--ThChM
