Neal Freiman
๐ค SpeakerAppearances Over Time
Podcast Appearances
The company said their tie-up combines Trump Media's access to significant capital and TAE's leading fusion technology to supply badly needed power for artificial intelligence infrastructure.
And that's where this starts to make a little more sense, or at least where you can see the reasoning behind it.
Trump Media isn't going to leverage its social media know-how to help TAE build reactors.
It will use its uncanny ability to sell stock to help TAE fund its ambitious fusion plans.
Because if Trump Media is good at one thing, it's attracting capital, despite doing just $4 million in revenue a year.
Its market value is over $4 billion, and it paid its CEO almost $47 million in 2024.
Because of the Trump name, apparently, people are happy to throw money at this company, so it's taking advantage of that to make a bet on an experimental technology.
Will it work?
Who knows, but that's at least the logic.
Yeah, I'm taking out my note.
No, there was a breakthrough in 2022 when this fusion process was created in lab conditions.
So there was a little movement a couple years ago.
But there does seem to be a lot of attention and money flowing into this sector.
Global funding tops $7.1 billion across 50 startups as of July.
And VC funds are pouring in at
$3.3 billion into nuclear fusion.
That was an almost 600% increase over the same period last year.
This particular company, TAE, has a lot of substantial backers in addition to Trump.
It is considered the oldest and one of the more respected companies in this particular field.
It has Alphabet as a backer, Chevron, Goldman Sachs.