特朗普媒体集团盘前大涨逾30%，公司拟并购核聚变公司TAE，计划明年开始建设核聚变发电厂

Core Viewpoint - Trump Media & Technology Group (TMTG) has signed a final merger agreement with TAE Technologies, valuing the all-stock transaction at over $6 billion, aiming to create one of the first publicly listed fusion energy companies [1] Group 1: Merger Details - The merger will result in TMTG and TAE shareholders each holding approximately 50% of the new company on a fully diluted basis [1] - TMTG will provide up to $200 million in cash to TAE at signing, with an additional $100 million to be provided after filing the S-4 document [1] - The merger is expected to be completed by mid-2026, transforming TMTG into a holding company that will include its existing social media business and the newly integrated TAE and its subsidiaries [4] Group 2: Management Structure - The new company will implement a co-CEO structure, with TMTG's current CEO Devin Nunes and TAE's CEO Michl Binderbauer serving as co-CEOs [4] - Michael Schwab, founder and managing director of Big Sky Partners, is expected to be nominated as the chairman of a nine-member board [4] Group 3: Technological Background - TAE Technologies has over 25 years of experience in fusion technology, having raised over $1.5 billion in private capital and successfully built and operated five fusion reactors [4] - TAE claims its technology has significantly reduced the size, cost, and complexity of reactors [4] Group 4: Commercialization Goals - The merged entity will prioritize the commercialization of fusion technology, planning to identify the first site for a utility-scale fusion power plant by 2026, subject to regulatory approval [5] - Devin Nunes stated that TMTG's capital and access to public markets will help accelerate the commercial viability of TAE's proven technology [5] Group 5: Strategic Focus on AI and Energy Security - The merger is strategically aligned with the current demand for electricity driven by the AI boom, with the company asserting that fusion power will provide economical, abundant, and reliable electricity to support the AI revolution [6] - Nunes emphasized that fusion power represents a significant energy breakthrough since commercial nuclear power emerged in the 1950s, crucial for maintaining U.S. AI dominance and revitalizing manufacturing [6] - Michl Binderbauer highlighted recent technological breakthroughs that enable faster capital deployment to address global energy shortages and fundamentally change the U.S. energy supply structure [7]