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TMTG Advances $6 Billion-Plus Merger with TAE, Pivoting to Commercial Fusion Energy

Trump Media & Technology Group (TMTG) recently disclosed that it will proceed with its merger plan with fusion energy firm TAE Technologies (TAE), despite reporting significant losses in the second quarter. The deal is valued at over $6 billion, with TMTG committing to invest $300 million in TAE before the transaction closes. According to company disclosures, TMTG recorded a loss of $238 million in the second quarter of 2026, with revenue of $1.7 million and total assets approaching $2 billion. In the first half of 2026, the company's net loss widened to $644 million, compared to a loss of $52 million in the same period last year. The company attributed the widening losses primarily to...

2026-08-11

South Korea's Taesung advances order for Unit 2 of US TerraPower SMR, pivoting to new track in nuclear power and gas turbine forgings

South Korean open-die forging company Taesung is accelerating its entry into the small modular reactor (SMR) supply chain. Data shows that Taesung secured its first order in June this year for rotating plug components of the primary equipment for Unit 1 of US-based TerraPower's SMR, and is expected to advance follow-up orders for related components of Unit 2 of the same project in September. The rotating plug is installed on the upper section of the reactor to support nuclear fuel replacement and in-vessel equipment maintenance, requiring high material resistance to high temperatures and radiation, as well as large-scale forging capabilities. This order therefore not only carries revenue significance but also demonstrates the company's technical validation value in the high-end nuclear power forging segment. TerraPower, founded by Microsoft founder Bill Gates, is developing...

2026-08-07

TAE Technologies and Black Moon Energy Sign Helium-3 Supply Cooperation Agreement

On August 5, local time, fusion energy company TAE Technologies announced a cooperation agreement with Black Moon Energy Corporation (BMEC). The two parties will collaborate on helium-3 (He-3) fuel supply solutions and commercial development needed for the future commercialization of fusion energy. Under the agreement, Black Moon Energy will supply helium-3 fuel to TAE Technologies. TAE Technologies CEO Michl Binderbauer stated that the agreement helps accelerate the company's energy goals through alternative fuel supply solutions. The company noted that its fusion technology pathway offers high flexibility in fuel cycle selection, allowing it to choose more cost-competitive fuel cycles based on long-term fuel market changes.

2026-08-06