Trump Media & Technology Group stock jumped 18% to $12.33 in premarket hours Thursday after revealing a $6 billion merger with TAE Technologies. The all-stock transaction marks a dramatic shift for the social media company into fusion energy.
Trump Media & Technology Group Corp., DJT
The deal combines Trump Media’s financial resources with TAE’s nuclear fusion expertise. Each company’s shareholders will control half of the merged entity on a fully diluted basis.
Trump Media agreed to provide TAE with $200 million in cash at closing. An additional $100 million follows after filing the initial Form S-4 with the SEC.
The newly formed company targets construction of a 50 MWe utility-scale fusion power plant starting in 2026. Larger facilities between 350 and 500 MWe are planned for later phases. The energy will target artificial intelligence infrastructure needs.
TAE Technologies has operated in the fusion space since 1998. The company constructed and tested five fusion reactors over its history.
Major investors including Google, Chevron Technology Ventures, and Goldman Sachs contributed more than $1.3 billion to TAE. That private funding helped develop the company’s proprietary fusion technology.
Devin Nunes will serve as co-CEO of the combined company alongside TAE’s Dr. Michl Binderbauer. Michael B. Schwab is slated to chair a nine-member board overseeing operations.
Both boards approved the transaction unanimously. The companies expect to close the merger by mid-2026 pending shareholder votes and regulatory clearance.
Trump Media & Technology Group remains the holding company name post-merger. The entity will manage Truth Social, Truth+, and Truth.Fi platforms.
TAE’s three divisions join the portfolio: TAE, TAE Power Solutions, and TAE Life Sciences. DJT stock trades on the Nasdaq exchange.
The merger addresses growing power demands from AI computing infrastructure. Data centers running AI models consume massive electricity volumes.
Fusion energy produces power through nuclear fusion rather than fission. The process generates less radioactive waste than traditional nuclear plants.
TAE remains privately held until the merger completes. Trump Media shareholders will vote on the transaction before the mid-2026 target close date.
The companies released joint statements Thursday morning detailing the agreement terms. The Form S-4 registration will provide complete transaction specifics when filed.
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