Trump Media is joining with TAE Technologies to create fusion power plants. Fusion is the force that powers the sun, but though it is understood scientifically, no one has yet been able to harness it with functioning technology.
A standard observation is that “fusion is 10 years away, but then it always will be.” The challenge is that tough.
TAE Technologies is one of the oldest ventures to attempt to harness fusion for commercial purposes, providing carbon-free electricity. With AI power demands rising exponentially, fusion could be a source to fulfill those needs.
Some of the investors in TAE include Alphabet (Google), Goldman Sachs, Sumitomo, and Chevron.
A TAE press release announcing the deal, valued at $6 billion, said Trump Media will “provide up to $200 million of cash to TAE at signing and an additional $100 million is available upon initial filing of the Form S-4.”
TAE has been around for 25 years and is focused on reducing fusion reactor size, cost, and complexity. It aims to have its first reactor up and running by 2031.
Devin Nunes, TMTG (Trump Media and Technology Group) Chairman and CEO, and Dr. Michl Binderbauer, TAE CEO and Director, plan to serve as Co-CEOs of the combined company.
According to Nunes, “TMTG brings the capital and public market access to quickly move TAE’s proven technology to commercial viability.”
In Greek mythology, Icarus had a similar ambition to reach the sun and return to Earth with its power, but the sun melted his wings, and Icarus fell to Earth to his death. The lesson was that hubris can cause your downfall.
Will Trump-TAE ambition fall to earth or recreate the sun’s power on earth?
