Trump Media Explores Truth Social Spin-Off

Trump Media Technology Group, the company founded by former President Donald Trump that operates the Truth Social platform, announced Friday it is exploring a plan to spin off its social media business into a separate publicly traded entity. The proposed transaction involves discussions with fusion energy startup TAE Technologies and Texas Ventures Acquisition III, a special purpose acquisition company, and would aim to separate Truth Social from the firm's expanding ventures in energy and cryptocurrency.

Under the structure being considered, Truth Social and related digital media assets would transfer to a new company called SpinCo following the completion of TMTG's pending merger with TAE Technologies. That merger, an all-stock deal valued at more than $6 billion and announced in December, is expected to close in mid-2026 and would position the combined entity to develop utility-scale nuclear fusion power plants. These plants are intended to address growing electricity demands, particularly from artificial intelligence data centers. TAE Technologies, based in California, has raised over $1 billion from investors including Google and Chevron, and its technology focuses on...