The all-stock deal comes amid growing energy needs for the tech sector.United States President Donald Trump is getting into the fusion power business through a $6bn merger of his social media firm and Google-backed TAE Technologies, just days after industry representatives urged federal funding.The all-stock deal, announced on Thursday, is an ambitious bet on the power boom spurred by artificial intelligence (AI) data centres and adds to the Trump family’s growing roster of diverse ventures from cryptocurrency to real estate holdings and mobile services.Recommended Stories list of 4 itemsend of listGrowing electricity needs of the technology industry have in recent months revived interest in nuclear power, including restarting fully shuttered reactors, expanding existing plants and signing contracts for future small modular reactors.But despite decades of global efforts, nuclear fusion, often seen as a clean and reliable power source, has yet to produce a commercially viable reactor.TAE has been working with Google Research for more than a decade on fusion science, and its backers include Chevron and Sumitomo Corporation of Americas.The company, founded in 1998, also operates an energy-storage business and a life sciences unit that develops biologically targeted radiotherapy to treat cancer.Shareholders of both companies will own about 50 percent of the combined entity after the deal closes in mid-2026. Trump Media and Technology Group will be the holding company for businesses including the Truth Social platform, TAE Power Solutions and TAE Life Sciences.‘Major political support’Trump Media shares …
