Axios - Trump Media & Technology Group is merging with nuclear fusion power startup TAE Technologies in an all-stock deal valued at $6 billion. The unusual combo expands the president's business interests into this heavily regulated nuclear power business.
It will provide new resources to the fusion player, and signals Trumpworld's enthusiasm about a potentially big power source, which faces big scientific and cost hurdles to become viable. It also shows how AI's voracious power needs are drawing investment into both existing and, in this case, frontier energy technologies.
The Trump administration has been extremely bullish on fusion, which advocates say is starting to move from the scientific into the construction phase. Full story
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