- Trump Media & Technology Group surged 38% after announcing a $6B all-stock merger with fusion energy firm TAE Technologies.
- The combined company plans to build the first utility-scale fusion power plant and expand into advanced energy and life sciences sectors.
Shares of Trump Media & Technology Group Corp. (DJT) jumped around 38% in early trading today after the company announced it will merge with fusion energy firm TAE Technologies in an all-stock deal valued at over $6 billion.
The merger, expected to be completed in mid-2026, will unite Trump Media’s capital access with TAE’s advanced fusion technology, establishing one of the first publicly traded fusion energy companies.
The companies plan to launch construction of the first utility-scale fusion power facility (50 MWe) in 2026, with future plants targeted at 350–500 MWe. The initiative is designed to deliver abundant, dependable power to support AI growth, manufacturing expansion, and national energy security.
After the merger, TAE businesses will become part of Trump Media’s ecosystem.
Trump’s eldest son, Donald Trump Jr., will join a nine-member board for the merged company, alongside Devin Nunes, two directors from TAE, and five independent members, with Michael Schwab expected to chair the board.
The deal boosted Trump Media’s stock, but monthly and year-to-date returns remain negative, with shares down about 60% so far in 2025, per Yahoo Finance.