TAE is a private company and the merger with Trump Media would create one of the first publicly traded nuclear fusion companies.

TAE is a private company and the merger with Trump Media would create one of the first publicly traded nuclear fusion companies.

Trump Media & Technology will merge with a fusion power company in an all-stock deal that the companies said Thursday is valued at more than $6 billion.

Devin Nunes, the Republican congressman who resigned in 2021 to become the CEO of Trump Media, will be co-CEO of the new company with TAE Technologies CEO Michl Binderbauer.

TAE focuses on nuclear fusion, a technology that combines two light atomic nuclei to form a single heavier one. It releases enormous amount of energy, a process that occurs on the sun and other stars, according to the United Nation’s International Atomic Energy Agency.

  • RampantParanoia2365@lemmy.world
    7·
    5 months ago

    TAE focuses on nuclear fusion, a technology that combines two light atomic nuclei to form a single heavier one. It releases enormous amount of energy

    … theoretically, if it could be achieved. Is this company purely a research company? How can one be a “Nuclear Fusion” company, when there’s currently no such thing as sustainable fusion?

    • meco03211@lemmy.world
      5·
      5 months ago

      Pretty sure we’ve achieved sustainable fusion. What I think is missing is making it cost effective and scalable.

        • MinnesotaGoddam@lemmy.world
          1·
          5 months ago

          I recall reading an article where we once had a fusion reactor that put out more energy than we put into it, but both I and the author may have hallucinated it

          • Corkyskog@sh.itjust.works
            2·
            5 months ago

            I think that’s technically true for whatever small duration it happened, but we’re a long way off from commercial viability.