Shares of Trump Media & Technology Group, the parent company of former U.S. President Donald Trump’s Truth Social platform, surged sharply on Thursday after the company announced an all‑stock merger agreement with nuclear fusion developer TAE Technologies valued at more than $6 billion.
The transaction, approved by the boards of both companies, will see shareholders of Trump Media and TAE Technologies each owning approximately 50 % of the combined entity on a fully diluted basis once the deal closes, expected in mid‑2026 pending regulatory and shareholder approval.
Trump Media’s stock, trading under the ticker DJT, jumped about 25 % in pre‑market trading following the announcement, a significant rebound after a year in which the company’s share price had weakened. Investors responded to the strategic shift announced by the company, which will expand its focus beyond social media into clean energy technology.
Under the terms of the agreement, Trump Media will provide up to $200 million in cash at signing, with an additional $100 million upon initial filing of the necessary regulatory documents with the U.S. Securities and Exchange Commission. The combined firm intends to begin construction on what it describes as the world’s first utility‑scale fusion power plant in 2026, with an initial capacity of approximately 50 megawatts electric once approvals are obtained.
TAE Technologies, founded in 1998 and backed by investors including Google, Chevron Technology Ventures, Goldman Sachs, and Sumitomo Corporation of Americas, has spent more than two decades developing fusion technology aimed at safely producing abundant clean energy. Prior to the merger, TAE had raised more than $1.3 billion in private capital and built multiple experimental fusion reactors as part of its research and development efforts.
Leadership of the merged company is expected to be shared, with Trump Media CEO Devin Nunes and TAE Technologies CEO Dr. Michl Binderbauer serving as co‑chief executives. A nine‑member board of directors will oversee the combined business, which will include Truth Social and TAE’s energy and life sciences subsidiaries.
The merger represents a dramatic pivot for Trump Media, which has faced financial challenges in recent years and posted a net loss in the third quarter of 2025 despite expanding into streaming, cryptocurrency‑linked financial products, and other digital ventures. Bringing fusion energy into the company’s portfolio positions Trump Media at the intersection of clean energy innovation and emerging technology demands, including the energy needs of artificial intelligence data centres and industrial users.
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