Trump Media and Technology Group is looking to reorganize its business, with plans to spin off its social media platform Truth Social into a separate publicly traded company. The company, founded by US President Donald Trump, confirmed on Friday that it is in discussions with TAE Technologies and Texas Ventures Acquisition III regarding the proposed deal.
The move will separate TMTG’s social media and digital businesses from its recently announced fusion energy project, creating two publicly traded companies with different strategies. Under the plan, as shared by Reuters, shares of the new company will be awarded to eligible TMTG shareholders, after which the entity will be merged with a special purpose acquisition company. Truth Social’s parent company reported that its net loss rose to $712.3 million in 2025, compared to $400.9 million the previous year.
The company said the increase mainly reflects unrealized losses from its purchases of Bitcoin and Kronos.TMTG ended 2025 with approximately $2.5 billion in financial assets, more than triple the $776.8 million in financial assets it held the previous year. Net sales rose slightly to $3.68 million from $3.62 million in 2024, Reuters reported.Founded by Trump and best known for its Truth Social platform targeting conservative audiences, TMTG has faced challenges expanding its media business due to competition from larger social networks and uneven user growth.
The company is now trying to go beyond its core platform and attract investor interest in emerging energy technologies.TMTG said no final agreement has been reached on the spin-off and that talks are still ongoing.In December, the company agreed to merge with TAE in an all-stock deal valued at more than $6 billion, marking a shift toward fusion energy and creating a publicly traded company focused on developing utility-scale power plants to help meet growing demand for electricity, including from artificial intelligence data centers.TAE Technologies is a private, California-based company that develops advanced nuclear fusion technology and has raised more than $1 billion from investors, including Alphabet’s Google and Chevron.
