Trump Media announces merger with fusion power company / Photo: TIMOTHY A. CLARY - AFP
CMSD
0.0647
Zürcher Nachrichten - Trump Media announces merger with fusion power company
EUR
-
AED 4.359552
AFN 75.384238
ALL 96.44421
AMD 446.473198
ANG 2.124552
AOA 1088.55164
ARS 1661.020403
AUD 1.67312
AWG 2.136742
AZN 2.022747
BAM 1.955683
BBD 2.388457
BDT 145.031294
BGN 1.955886
BHD 0.447073
BIF 3498.289996
BMD 1.187079
BND 1.49891
BOB 8.194508
BRL 6.195844
BSD 1.185829
BTN 107.412552
BWP 15.640061
BYN 3.398596
BYR 23266.743286
BZD 2.384957
CAD 1.616505
CDF 2676.862986
CHF 0.912012
CLF 0.025942
CLP 1024.334888
CNY 8.201112
CNH 8.192048
COP 4345.239153
CRC 575.165473
CUC 1.187079
CUP 31.457587
CVE 110.258381
CZK 24.269873
DJF 211.167324
DKK 7.470885
DOP 73.875565
DZD 153.128808
EGP 55.336678
ERN 17.806181
ETB 184.681114
FJD 2.603917
FKP 0.870113
GBP 0.869591
GEL 3.175483
GGP 0.870113
GHS 13.050217
GIP 0.870113
GMD 87.254859
GNF 10408.37518
GTQ 9.095454
GYD 248.095107
HKD 9.281116
HNL 31.332119
HRK 7.536293
HTG 155.490666
HUF 379.189022
IDR 19981.859
ILS 3.66894
IMP 0.870113
INR 107.503085
IQD 1553.506742
IRR 50005.692072
ISK 145.025867
JEP 0.870113
JMD 185.588859
JOD 0.841686
JPY 181.261035
KES 152.910821
KGS 103.810492
KHR 4769.713672
KMF 492.638092
KPW 1068.376827
KRW 1710.414727
KWD 0.363971
KYD 0.988241
KZT 586.834772
LAK 25448.472316
LBP 106192.625206
LKR 366.677988
LRD 221.096727
LSL 19.032557
LTL 3.505135
LVL 0.718053
LYD 7.476551
MAD 10.843449
MDL 20.135791
MGA 5187.688581
MKD 61.6313
MMK 2492.77048
MNT 4252.088626
MOP 9.549827
MRU 47.262163
MUR 54.491355
MVR 18.286994
MWK 2056.276561
MXN 20.375974
MYR 4.638515
MZN 75.86665
NAD 19.032557
NGN 1606.596787
NIO 43.63738
NOK 11.284494
NPR 171.859683
NZD 1.965037
OMR 0.456436
PAB 1.185929
PEN 3.978561
PGK 5.090694
PHP 68.670729
PKR 331.66589
PLN 4.211459
PYG 7777.533111
QAR 4.321841
RON 5.094234
RSD 117.412952
RUB 90.545065
RWF 1731.296069
SAR 4.450665
SBD 9.550265
SCR 16.073488
SDG 714.032225
SEK 10.591715
SGD 1.499879
SHP 0.890617
SLE 29.024515
SLL 24892.446849
SOS 677.15935
SRD 44.817016
STD 24570.133197
STN 24.498529
SVC 10.376377
SYP 13128.586221
SZL 19.028858
THB 36.894845
TJS 11.188428
TMT 4.154776
TND 3.419095
TOP 2.858201
TRY 51.766728
TTD 8.049517
TWD 37.255324
TZS 3095.014205
UAH 51.14143
UGX 4197.748007
USD 1.187079
UYU 45.717256
UZS 14574.125108
VES 466.201517
VND 30828.434854
VUV 140.781864
WST 3.219612
XAF 655.917625
XAG 0.015357
XAU 0.000236
XCD 3.20814
XCG 2.137172
XDR 0.815751
XOF 655.917625
XPF 119.331742
YER 282.940648
ZAR 18.934979
ZMK 10685.137401
ZMW 21.552706
ZWL 382.23887
- Banton powers England to victory over Scotland at T20 World Cup
- Zelensky says all Ukrainian power plants damaged, calls Putin 'slave to war'
- Palestinian leader urges removal of all Israeli 'obstacles' on Gaza ceasefire
- Igor Tudor hired as Tottenham interim manager
- Rubio tells Europe to join Trump's fight, says it belongs with US
- Winter Olympians have used 10,000 condoms
- Weston's skeleton Olympic gold a triumph over adversity
- England bowl Scotland out for 152 in T20 World Cup
- Bangladesh PM-to-be Rahman thanks those who 'sacrificed for democracy'
- Sabalenka, Swiatek withdraw from WTA 1000 event in Dubai
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.
D.Smith--NZN
