Trump Media is merging with a Google-backed fusion energy company in a deal worth $6 billion
Trump Media, the company behind the president’s personal social media platform Truth Social, is inexplicably merging with a Google-backed fusion energy company called TAE Technologies. The deal is worth $6 billion, .
Why would an entity known for issuing frenzied presidential stances at 3 a.m. partner with a fusion energy company? Who the hell really knows, but a release says the two organizations will join together to build “the world’s first industrial-scale fusion power plant.” This would be huge, if true, as there are currently no operational commercial nuclear power plants.
We know what TAE would bring in this scenario. The energy company has attracted interest from Google, Chevron and others. Trump Media would be a great partner for building a reactor, but doesn’t seem to offer much else.
The merger statement mentions that Trump Media would provide TAE with “access to significant capital.” The business because there is only a limited amount of money on a social media platform primarily used by one person.
However, the president himself is probably the world’s most renowned project finance fundraiser. He knows how to convince a room full of billionaires to open their wallets, pay them copious compliments and… The terms of the deal stipulate that Trump Media will provide TAE with $300 million in capital as a bonus, although we don’t know where that money comes from because it represents more than ten percent of the company’s total valuation.
This is an entirely stock transaction and stocks aren’t exactly immune to the . To that end, Trump Media shares have risen dramatically since this deal was announced. President Trump has a revocable trust of which he is the sole beneficiary and is controlled by Donald Trump Jr.
There is also the opportunity to use access to strengthen federal support for grants, low-interest loans, and permit approval. This sort of thing seems particularly thorny and, to say the least, legally gray.
Creating a power plant for large-scale nuclear fusion would be an incredible undertaking and that’s something. Michl Binderbauer, CEO of TAE the newly created company will do so in “five years”. Most experts in the “30 years” category.
