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.
To be clear, I don’t want to hate on tech investment. Fusion has to be tried to see if it works.
But it’s got a lot of tries, more than its fair shair IMO. Imagine if we split all that cash between fission, thorium, solar, laser drilled geothermal, things like that.
Until the last 10 years, fusion barely got any funding in America, and similar levels elsewhere. Here’s a budget projection from decades back that should give some perspective on the inevitable outcome, and why optimism has been so high lately.