Trump Media's fusion partner faces debt allegations

Wallstreetcn
2025.12.19 22:31

The merger between former President Trump's social media empire and a nuclear fusion startup valued at $6 billion will inject up to $300 million into the ambitious energy producer TAE Technologies. TAE Technologies has been accused multiple times of failing to pay suppliers and vendors. In the past 16 months, at least nine suppliers have filed lawsuits, alleging that it owes payments for invoices related to specialized parts, recruitment fees, and rent. TAE Technologies stated that the company is conducting a comprehensive review of overdue supplier bills and will address verified debts in an orderly and responsible manner based on financial controls and long-term operational plans. (Bloomberg)