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.
Yeah, I think we’ll be able to figure out fusion. I just don’t think there’s a snowball’s chance in hell of it being cheaper than a bunch of solar panels and batteries. Hell, a big solar farm connected to a big hydrogen generator and hydrogen tank will probably be a much cheaper way of generating power than by using fusion reactors. The big fusion reactor in the sky is just going to end up being much cheaper.