TMTG Targets Strategic Split: Truth Social Set for Independent Public Debut Amid Fusion Energy Pivot

Trump Media & Technology Group (TMTG), the entity established by President Donald Trump, is exploring a significant corporate restructuring that would see its flagship social media platform, Truth Social, spun off into a separate publicly traded entity.

The company confirmed on Friday that it is currently in negotiations with TAE Technologies and Texas Ventures Acquisition III to facilitate the transition. Under the proposed plan, existing TMTG shareholders would receive equity in the new spin-off, which would then go public via a merger with a special purpose acquisition company (SPAC).

A Tale of Two Strategies

This maneuver is designed to decouple the company’s digital media wing from its ambitious new venture into nuclear fusion. By splitting the operations, TMTG aims to create two distinct "pure play" investment opportunities:

1. Truth Social: A dedicated media and digital platform.

2. TMTG Energy: A fusion-focused business aiming to build utility-scale plants to power energy-intensive sectors like AI data centers.

Financial Health and Market Pivot

The proposal comes as TMTG navigates a complex financial landscape. The company reported a net loss of $712.3 million for 2025, a sharp increase from the previous year's $400.9 million loss. Much of this deficit is attributed to paper losses on volatile digital assets, specifically Bitcoin and Cronos.

Despite these losses, TMTG’s balance sheet remains robust, ending the year with $2.5 billion in financial assets—a three-fold increase from 2024. However, core revenue growth has been modest, with net sales moving from $3.62 million to $3.68 million over the last year. This slow growth in the media sector, coupled with stiff competition from tech giants, has prompted the pivot toward the $6 billion merger with California-based TAE Technologies, a leader in clean fusion energy backed by the likes of Google and Chevron.