Trump Media announces $6 billion merger with fusion company TAE Technologies; DJT stock soars 33%

Trump Media and Technology Group on Thursday announced a merger agreement with TAE Technologies, a privately held fusion power company, valued at more than $6 billion.

The all-stock deal, expected to close in mid-2026, will result in shareholders of each firm owning approximately half of the combined company.

Trump Media shares — which have plummeted more than 75% since their January peak — rocketed 33% higher after the opening bell.

The major pivot for Trump Media, which operates President Donald Trump’s social media platform, Truth Social, comes as America’s race against China for artificial intelligence superiority has fueled massive energy demand.

There are currently no commercial plants producing electricity using fusion, a futuristic technology that carries the potential to generate abundant energy without the risks associated with nuclear power.

The merger would create “one of the world’s first publicly traded fusion companies,” according to a press release.

Trump Media “has agreed to provide up to $200 million of cash to TAE at signing and an additional $100 million is available” upon signing a regulatory filing known as a Form S-4.

Trump Media Chairman Devin Nunes and TAE CEO Dr. Michl Binderbauer will serve as co-CEOs of the combined company, according to the release.

In a conference call later Thursday morning, Nunes said that the merger aligns with Trump Media’s “America-first principles” and its strategy of seeking “combinations that bring transformative technology the potential for significant, long-term value creation and dramatic societal impact.”

Listeners were given no opportunity to ask questions during the call, which ended after about eight minutes.