Trump Media will provide up to $300 million and invest $200 million immediately to fund TAE Technologies’ first U.S. fusion plant, Michl Binderbauer said, following the all‑stock merger that values the combined company at more than $6 billion and names Devin Nunes and Binderbauer as co‑chief executive officers.The merger makes Trump Media the holding company for Truth Social and TAE, sets a $53.89 per‑share valuation for TAE common stock and leaves existing shareholders owning roughly 50 percent each, with Donald Trump the largest individual Trump Media shareholder at about 41 percent.TAE, founded in 1998 and backed by investors including Google and Chevron, plans to choose a site and begin construction in 2026 on a 50‑megawatt utility‑scale fusion plant designed to scale to 350–500 megawatts later, but executives acknowledged that offtake contracts are not yet signed and commercial fusion remains unproven.