Trump Media merges with TAE; DJT stock jumps 33%

Trump Media and Technology Group announced on Thursday that it has agreed to merge with TAE Technologies, a private company that develops fusion energy. The deal is valued at more than $6 billion.

The merger will be an all-stock agreement and is expected to be completed in mid-2026. After the deal, shareholders from both companies will each own about half of the new combined company.

Shares of Trump Media, which had fallen more than 75% since reaching their highest point in January, jumped by 33% shortly after the market opened.

This move marks a major change in direction for Trump Media, which runs President Donald Trump’s social media platform, Truth Social. The shift comes as competition between the United States and China in artificial intelligence is driving a sharp increase in energy demand.

At present, there are no commercial power plants that produce electricity using fusion energy. However, this advanced technology could provide large amounts of energy in the future without the safety risks linked to traditional nuclear power.