Trump Media stock pops 38% on $6B merger deal with fusion energy company
Trump Media's stock surged 38% following the announcement of a $6 billion all-stock merger with fusion energy firm TAE Technologies.Summary
Shares of Trump Media & Technology Group Corp. (DJT) increased by approximately 38% after the company revealed an all-stock merger with fusion energy company TAE Technologies, valued at over $6 billion. The merger, slated for completion by mid-2026, aims to create one of the first publicly traded fusion energy companies by combining Trump Media's capital access with TAE's technology. The combined entity intends to begin construction on a 50 MWe utility-scale fusion power facility in 2026, with plans for larger future plants (350–500 MWe) to support AI, manufacturing, and energy security. Donald Trump Jr. will join the nine-member board of the merged company. Despite the stock jump, Trump Media's shares remain significantly down for the year.
(Source：Crypto Briefing)