"TMTG is the parent company of Truth Social, the microblogging platform that the president spun up after he was banned from platforms like YouTube, Twitter, and Facebook in the wake of the January 6 attacks on the U.S. Capitol. At launch, the president called it "a rival to the liberal media consortium," and said he wanted to "fight back against the Big Tech companies.""
"TMTG went public last year via a merger with a special-purpose acquisition company (SPAC), a technique used to go public by private companies that want to raise money quickly but aren't yet mature enough to take the traditional IPO route. In the quarter ended September 30, 2025, TMTG reported that it recorded a loss of $54.8 million on revenue of $972,900, down ."
"TMTG CEO Devin Nunes, formerly a republican congressman, stated that the company's acquisition of TAE would "cement America's global energy dominance for generations." The companies said they plan to site and begin construction on "the world's first utility-scale fusion power plant (50 MWe)" next year, and have plans for more fusion plants "expected to be 350 - 500 MWe.""
Trump Media and Technology Group (TMTG) is merging with TAE Technologies in an all-stock transaction valued at more than $6 billion to enter the fusion power sector as data centers demand more electricity amid an AI boom. TMTG owns Truth Social, launched after the president was banned from major platforms and described as "a rival to the liberal media consortium" intended to "fight back against the Big Tech companies." TMTG went public via a SPAC and reported a $54.8 million loss on $972,900 of revenue in the quarter ended Sept. 30, 2025, while holding $3.1 billion in assets largely tied to cryptocurrency investments and partnerships. The companies plan a 50 MWe utility-scale fusion plant next year with subsequent 350–500 MWe plants projected, though the path to commercial fusion remains uncertain.
Read at TechCrunch
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