\n<\/p>\n
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, <\/em><\/a>.<\/p>\n Why is an entity known for publishing frenzied hot takes by the president at 3AM combining with a fusion energy company? Who the heck really knows, but a statement says the two organizations will join together to build the “world’s first utility-scale fusion power plant.” This would be huge, if true, as there are currently no operational commercial nuclear fusion power plants.<\/p>\n We know what TAE would bring to the table in that scenario. The energy company <\/a> and has attracted interest from Google, Chevron and others. Trump Media would be a great partner when building a reactor <\/a>, but doesn’t seem to offer much of anything else.<\/p>\n The merger statement does mention that Trump Media would provide TAE with “access to significant capital.” The company <\/a>, as there’s only so much money in a social media platform primarily used by just one person.<\/p>\n However, the president himself is likely the world’s most renowned raiser of funds when it comes to <\/a>. He knows how to get a roomful of billionaires to open up their wallets, provide copious compliments and <\/a>. The terms of the deal state that Trump Media will provide TAE with $300 million in capital as a bonus of sorts, though we don’t know where that money is coming from as it represents over ten percent of the company’s entire valuation.<\/p>\n This is an all-stock deal and stocks aren’t exactly immune from the <\/a>. To that end, shares in Trump Media have risen dramatically since this deal was announced. President Trump <\/a> to a revocable trust that he is the sole beneficiary of and is controlled by Donald Trump Jr.<\/p>\n There’s also the potential notion of using access to shore up federal support for grants, low-interest loans and permit approvals. That kind of thing seems particularly thorny and, to put it mildly, legally gray.<\/p>\n Creating a power plant for large-scale nuclear fusion would be an incredible undertaking and it’s something <\/a>. TAE CEO Michl Binderbauer <\/em><\/a> the newly-formed company will have it done in “five-ish years.” Most experts <\/a> in the “30-ish years” category.<\/p>\n<\/div>\n