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Trump Media & Technology Group (TMTG), the parent company of Truth Social founded by U.S. President Donald Trump, is exploring a potential spin-off of its social media platform into a separate publicly traded company. The move would mark a significant restructuring as the company shifts focus toward its recently announced fusion energy ambitions.
According to TMTG, discussions are ongoing with TAE Technologies and Texas Ventures Acquisition III regarding the proposed transaction. If completed, eligible TMTG shareholders would receive shares in the newly formed Truth Social entity. The spun-off company would then merge with a special purpose acquisition company (SPAC), creating an independent public business centered on social media and digital media operations.
The restructuring would effectively divide TMTG into two publicly traded companies with distinct strategies: one focused on Truth Social and digital media, and the other dedicated to fusion energy development. The announcement follows TMTG’s December agreement to merge with California-based TAE Technologies in an all-stock deal valued at over $6 billion. That transaction signaled the company’s pivot toward advanced nuclear fusion technology and utility-scale power plants designed to meet rising electricity demand, particularly from AI data centers.
TAE Technologies has raised more than $1 billion from investors including Alphabet’s Google and Chevron. The company is developing a form of nuclear fusion aimed at generating electricity with significantly reduced neutron radiation, potentially minimizing radioactive waste compared to traditional approaches.
Financially, TMTG reported a widened net loss of $712.3 million in 2025, compared with $400.9 million in 2024. The increase was largely driven by unrealized losses tied to its bitcoin and Cronos holdings. Despite the losses, TMTG’s financial assets surged to approximately $2.5 billion, up from $776.8 million a year earlier. Net sales rose slightly to $3.68 million.
TMTG stated that no definitive agreement has been finalized and negotiations remain ongoing as it seeks to reposition beyond Truth Social and capitalize on investor interest in emerging energy technologies.
