TAE is a private company and the merger with Trump Media would create one of the first publicly traded nuclear fusion companies.

Trump Media & Technology will merge with a fusion power company in an all-stock deal that the companies said Thursday is valued at more than $6 billion.

Devin Nunes, the Republican congressman who resigned in 2021 to become the CEO of Trump Media, will be co-CEO of the new company with TAE Technologies CEO Michl Binderbauer.

TAE focuses on nuclear fusion, a technology that combines two light atomic nuclei to form a single heavier one. It releases enormous amount of energy, a process that occurs on the sun and other stars, according to the United Nation’s International Atomic Energy Agency.

  • iAmTheTot@sh.itjust.works
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    2 days ago

    Mandatory reminder that Jimmy Carter put his peanut farm into a trust to avoid conflict of interest accusations.

        • WindyRebel@lemmy.world
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          17 hours ago

          Nah. Keep it and redecorate and/or repurpose it. Then rename it to something super woke. Spend as little money as possible since it’s probably coming from our tax dollars to do this shit every four fucking years.

    • N0t_5ure@lemmy.world
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      2 days ago

      What a sucker! He should have used the power of the presidency to bully his way into a merger with IBM. Surely no one would have objected.