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Fusion deal: Why Trump Media is merging with TAE Technologies
CNBC· 2025-12-19 02:52
President Donald Trump's social media company will provide the capital needed to bring TAE Technologies' first fusion power plant online in the United States by 2031, TAE CEO Michl Binderbauer told CNBC on Thursday.Binderbauer spoke shortly after his privately held company and Trump Media and Technology Group announced plans for an all-stock merger valued at more than $6 billion.The CEO said the deal would combine Trump Media's "fortress balance sheet" with TAE's technologies."We've got capability and techn ...