The merger with TAE, a private company, would create one of the first publicly traded nuclear fusion companies.

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.

  • brucethemoose@lemmy.world
    5·
    1 day ago

    To be clear, I don’t want to hate on tech investment. Fusion has to be tried to see if it works.

    But it’s got a lot of tries, more than its fair shair IMO. Imagine if we split all that cash between fission, thorium, solar, laser drilled geothermal, things like that.