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Keyword：TAE Technologies
TMTG Advances $6 Billion-Plus Merger with TAE, Pivoting to Commercial Fusion Energy
Trump Media & Technology Group (TMTG) recently disclosed that it will proceed with its merger plan with fusion energy firm TAE Technologies (TAE), despite reporting significant losses in the second quarter. The deal is valued at over $6 billion, with TMTG committing to invest $300 million in TAE before the transaction closes. According to company disclosures, TMTG recorded a loss of $238 million in the second quarter of 2026, with revenue of $1.7 million and total assets approaching $2 billion. In the first half of 2026, the company's net loss widened to $644 million, compared to a loss of $52 million in the same period last year. The company attributed the widening losses primarily to...
2026-08-11
TAE Technologies and Black Moon Energy Sign Helium-3 Supply Cooperation Agreement
On August 5, local time, fusion energy company TAE Technologies announced a cooperation agreement with Black Moon Energy Corporation (BMEC). The two parties will collaborate on helium-3 (He-3) fuel supply solutions and commercial development needed for the future commercialization of fusion energy. Under the agreement, Black Moon Energy will supply helium-3 fuel to TAE Technologies. TAE Technologies CEO Michl Binderbauer stated that the agreement helps accelerate the company's energy goals through alternative fuel supply solutions. The company noted that its fusion technology pathway offers high flexibility in fuel cycle selection, allowing it to choose more cost-competitive fuel cycles based on long-term fuel market changes.
2026-08-06