Trump’s Truth Social Could Become Its Own Company As Parent Firm Floats Spin-Off

BreakingBusinessTrump’s Truth Social Could Become Its Own Company As Parent Firm Floats Spin-OffByTy Roush,Forbes Staff. Ty Roush is a breaking news reporter based in New York City.Follow AuthorFeb 27, 2026, 11:02am ESTFeb 27, 2026, 11:42am ESTToplinePresident Donald Trump’s Trump Media & Technology Group on Friday announced it might spin off its Truth Social platform as a separate, publicly traded business after completing a $6 billion merger with TAE Technologies. The company said a spin-off would occur after a $6 billion merger with fusion energy firm TAE Technologies.Getty ImagesKey FactsTrump Media, in a statement, said it was engaged in “ongoing discussions” to spin off Truth Social following the closure of its merger with fusion energy firm TAE Technologies.Truth Social would then merge with the special-purpose acquisition company Texas Ventures III, according to Trump Media, which said shares of the spun-off company would be distributed to shareholders before its merger with TAE Technologies closed.Shares of Trump Media declined by 0.5% to around $10.90 as of 11:25 a.m. EST following the announcement, as the stock traded near its all-time low ($9.84).Key BackgroundTrump Media announced in December the company would merge with TAE Technologies in a deal valued at $6 billion. Following the completion of the merger, Trump Media said it would build the “world’s first utility-scale fusion power plant” that could generate 50 megawatts of electricity. The Trump-owned firm went public in March 2021 through a reverse merger with Digital World Acquisition Corp., and trading in Trump Media’s stock was frequently volatile during Trump’s presidential campaign and the company’s financial performance. The company has since expanded to cryptocurrency and announced last year it would launch a financial services brand, Truth.Fi. In October, Trump Media said it planned to enter the prediction markets business, allowing users to bet on events like political elections and inflation-rate changes in a partnership with Crypto.com. Forbes ValuationTrump has a net worth of $6.3 billion, ranking him the 655th-richest person in the world, according to Forbes’ estimates. He holds roughly 52% equity in Trump Media, totaling more than 114.7 million shares worth about $1.2 billion as of Friday’s share price. Trump transferred his stake to a revocable trust managed by his son, Donald Trump Jr., however, though he remains the sole donor and beneficiary. Further ReadingForbesTrump’s Net Worth Rises $500 Million On Trump Media MergerBy Siladitya RayGot a tip? Share confidential information with Forbes.Editorial StandardsReprints & PermissionsLOADING VIDEO PLAYER...FORBES’ FEATURED Video