Under the proposal, shares in the spin-off company would be distributed to eligible TMTG shareholders, after which the new entity would merge with a special purpose acquisition company.This would separate TMTG’s social media and digital media assets from the recently announced fusion energy venture, effectively splitting the company into two publicly traded companies with different strategies.
The Truth Social parent’s net loss widened to $712.3 million in 2025, up from $400.9 million a year earlier, mainly reflecting unrealized losses from the company’s purchases of Bitcoin and Cronos.
TMTG ended 2025 with about $2.5 billion in financial assets, more than triple the $776.8 million a year earlier, the company said. Net sales increased to $3.68 million from $3.62 million in 2024.
TMTG, founded by Trump and known for its Truth Social platform aimed at conservative audiences, has faced challenges in scaling its media operations amid competition from larger social networks and uneven user growth. It is now seeking to reposition itself beyond its core Truth Social platform and tap into investor interest in emerging energy technologies.
TMTG said no final agreement has been reached on the spin-off and discussions are still ongoing. In December, TMTG agreed to merge with TAE in an all-stock deal worth more than $6 billion. This marked a shift toward fusion energy and the creation of a publicly traded company focused on developing utility-scale power plants to help meet rising electricity demand, including from AI data centers.
TAE Technologies is a California-based private company developing advanced nuclear fusion technology and has raised more than $1 billion from investors including Alphabet’s Google and Chevron.
The startup focuses on a form of fusion designed to produce electricity without releasing large amounts of neutron radiation, thereby reducing radioactive waste.
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