The merger with TAE, a private company, would create one of the first publicly traded nuclear fusion companies.

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.

  • MonkeMischief@lemmy.today
    6·
    2 days ago

    But now, fusion feels like one of those interesting ideas that turned out to not be so practical in reality (not yet anyway), now transitioning into a grift.

    2020’s: Time to invest! We’re like 5 years away from fusion reactors, hyper loops, and general AI!

    2040’s: Time to invest! We’re like 5 years away from fusion reactors, hyper loops, and general AI!

    But hey at least the world now has Ai-powered human-slaying drone swarms thanks to all that VC. 👍

    • brucethemoose@lemmy.world
      5·
      2 days ago

      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.

      • GreyEyedGhost@piefed.caEnglish
        3·
        2 days ago

        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.