Inertia Enterprises has raised $450 million to build one of the world’s most powerful lasers, which it hopes will serve as the foundation of a grid-scale power plant the fusion startup intends to start construction on in 2030. Inertia Enterprises is building on technology developed at the Lawrence Livermore National Laboratory’s National Ignition Facility. The NIF is the site of the world’s only controlled fusion reactions that have reached scientific breakeven, in which the reaction releases more energy ...

Core Viewpoint - Trump Media & Technology Group is merging with TAE Technologies in an all-stock transaction valued at over $6 billion, marking its entry into the nuclear energy sector [1] Company Overview - Trump Media has faced significant challenges, with its stock down approximately 60% this year, while the S&P 500 has increased by double digits [2] - The company reported a net loss of $54.8 million in Q3 2025 on revenue of $972,900, and has diversified into cryptocurrency, AI, and streaming services [2] - Trump Media's balance sheet includes $1.5 billion in digital assets and $550 million in other short-term investments [2] Merger Details - Shareholders from both Trump Media and TAE Technologies will own about 50% of the combined entity on a fully diluted equity basis [3] - The transaction values TAE common stock at $53.89 based on Trump Media's trailing 30-day volume-weighted average price [3] - Following the announcement, Trump Media shares surged by 28% in premarket trading [3] TAE Technologies Overview - TAE Technologies, founded in 1998, has raised over $1.3 billion in private capital from investors like Google, Chevron Technology Ventures, and Goldman Sachs [4] - The company has built and operated five fusion reactors and holds over 1,600 patents related to fusion technology [4] Leadership Structure - Devin Nunes will become co-CEO of the merged company alongside TAE CEO Michl Binderbauer, with Nunes continuing to lead Trump Media brand operations [5] - Donald Trump Jr. will serve on the combined company's nine-member board [5] Industry Impact - Nunes stated that fusion power represents a significant energy breakthrough that will lower energy prices, boost supply, and enhance national defense [6] - The merger aims to leverage Trump Media's capital and public market access to advance TAE's technology towards commercial viability [6]