:max_bytes(150000):strip_icc()/GettyImages-2249041314-84af3df1385f47708dfb5b25c4669038.jpg "A Billion Fusion Deal Has Put Some Energy Into Trump Media’s Beaten-Down Stock")
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Key Takeaways
- President Donald Trump’s company announced a $6 billion all-stock merger with fusion power company TAE Technologies.
- The combined company plans to begin building a utility-scale fusion power plant in 2026.
Trump Media & Technology Group (DJT) shares entered Thursday down nearly 70% this year. They’re making a chunk of it back this morning.
Shares of Trump Media, the Truth Social parent company part-owned by President Donald Trump, soared more than 35% in morning trading after it and privately owned fusion power company TAE Technologies announced a $6 billion, all-stock merger agreement. Shareholders of each would own about half the combined company upon closing, which is expected to occur in mid-2026.
The news has brought some life back into Trump Media’s shares, which have lost more than half their value this year and are well off 2025 highs seen around the time of Trump’s second inauguration.
Why This Matters
Shares of Truth Social parent company Trump Media & Technology have mostly fallen this year, losing more than half their value and dropping even further from early year highs. They retook some of that round this morning on news of a merger with a fusion power company.
Upon closing, the combined firm “expects to site and commence construction of the first utility-scale fusion power plant in 2026,” they said, adding that such plants “are expected to provide economic, abundant, and dependable electricity that would help America win the A.I. revolution and maintain its global economic dominance.”
Trump Media CEO Devin Nunes and TAE CEO Dr. Michl Binderbauer intend to serve as co-CEOs of the combined company.
“Fusion power will be the most dramatic energy breakthrough since the onset of commercial nuclear energy in the 1950s—an innovation that will lower energy prices, boost supply, ensure America’s A.I.-supremacy, revive our manufacturing base and bolster national defense,” Nunes said. “TMTG brings the capital and public market access to quickly move TAE’s proven technology to commercial viability.”
Trump Media & Technology Group shares reached nearly $80 a share in their public debut in March 2024, but closed trading Wednesday at $10.47 each.
