Trump Media strikes $6B merger with fusion energy firm TAE
Trump Media & Technology Group is making its most surprising bet yet — plunging headfirst into nuclear fusion with a $6 billion merger that would vault a little-known energy startup into the public markets.The parent company of Truth Social announced Thursday it has struck an all-stock agreement to merge with private fusion firm TAE Technologies, creating what the companies say would be one of the world’s first publicly traded fusion-energy players.The deal, expected to close in mid-2026 pending regulatory and shareholder approvals, would leave Trump Media and TAE shareholders each owning roughly 50% of the combined company.Trump Media, which trades on Nasdaq under the ticker DJT, said it would also inject hundreds of millions of dollars in cash into the business to speed development of fusion reactors — a stunning pivot for a company best known for hosting President Donald Trump’s social media posts.The transaction values the combined company at more than $6 billion.Shares of DJT jumped more than 35% in mid-morning trading following the announcement.The merger represents a dramatic strategic shift for Trump Media, which has struggled to generate meaningful revenue from its core product, Truth Social, while racking up heavy losses since going public in 2024.For the full year 2024, Trump Media reported just $3.6 million in revenue against losses of roughly $400 million.The company lost another $54.8 million in the third quarter of 2025 on revenue of less than $1 million, according to regulatory filings.Despite those losses, Trump Media has amassed a large asset base, bolstered in part by ventures into cryptocurrency.
As of late 2025, the company reported more than $3 billion in assets, giving it the financial firepower to bankroll an unexpected leap into energy.That capital is now being aimed at fusion — the long-sought process that powers the sun and promises virtually limitless, carbon-free energy as booming AI-driven data center construction fuels r...