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
