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.
How crazy would it be if Trump’s corruption and conflicts of interest are what gets us to invest in cold fusion and make it a practical, scalable energy source.
Doubt it. Probably end up like another one of his casinos.
There’s like a dozen companies already working in fusion reactors. This would only siphon money away from projects that might actually produce something useful
Exactly this. Guarantee at some point down the line there’s a bill or budget passed that allocates a bunch of money to fusion research (“Puuting America on the forefront of vital emerging technologies that will power this great nation throughout the 21st century!”) and then this company, surprise, wins a bid to get allocated a big portion of that funding.
You’re assuming good faith when it’s only about the grift. They don’t care at all if it succeeds, it’s only about what they can skim off the top. They’re leeches, they bleed the host dry and move on to the next victim.
Where on earth did I say any of that? My dude, I am literally describing the nature of the grift.
I don’t doubt it.
Some of us remember that pipe dream the first time around.