Trump's TMTG Merges with Fusion Energy Company

Former President Trumps social media company, Truth Social, is merging with TAE Technologies, a fusion energy firm, in a $6 billion deal. The merger aims to expand Truth Socials reach into the emerging field of fusion energy, with plans to build the worlds first utility-scale fusion power plant next year. However, the future of fusion power remains uncertain, with only one experimental device successfully generating more power than it consumed through controlled fusion reactions. TAE Technologies has faced challenges with its designs, but their latest approach uses magnetic fields from rotating plasma to stabilize the fusion process. After the merger, Devin Nunes and TAE CEO Doctor Michl Binderbauer will serve as co-CEOs of the combined company.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.