Trump Media shares 38% for $6B deal with Fusion Energy Company
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Trump Media & Technology Group jumped 38 percent after announcing a $6 billion merger with fusion energy firm TAE Technologies. The combined company plans to build the first utility-scale fusion power plant and expand into the advanced energy and life sciences sectors.
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Shares of Trump Media and Technology Group Corp. ( DJT ) jumped 38 percent in early trading after it announced it would merge with fusion energy company TAE Technologies in an all-stock deal valued at more than $6 billion.
The merger, expected to be completed by mid-2026, will combine Trump Media's access to capital with TAE's advanced fusion technology, making it the leading publicly traded fusion energy company.
The companies They plan to start construction of the first utility-scale fusion power plant (50 MWe) in 2026, with future plants at 350-500 MW. This initiative is designed to provide an abundance of reliable power to support the development of AI, the expansion of manufacturing, and national energy security.
After the merger, TAE's businesses will become part of Trump Media's ecosystem.
Trump's eldest son, Donald Trump Jr., will join the nine-member board along with Devin Nunes, two directors from TAE and five independent members, while Michael Schwab will serve as chairman of the board.
The deal boosted Trump Media's stock, but monthly and year-over-year earnings remained negative, with Yahoo Finance down 60 percent year-to-date.
