Trump Media & Technology Group (DJT) experienced a remarkable surge in its stock value, climbing over 35% during Thursday's morning trading. This significant increase followed the announcement of an all-stock merger agreement, valued at $6 billion, with the privately-held fusion power enterprise, TAE Technologies. This development has injected new vitality into DJT's shares, which had seen a decline of nearly 70% earlier in the year.
Under the terms of the merger, expected to finalize by mid-2026, shareholders of both Trump Media and TAE Technologies will each possess approximately half of the newly formed company. This strategic alliance is poised to revolutionize the energy sector, with plans to establish the inaugural utility-scale fusion power plant in 2026. The ambition is to supply America with economical, abundant, and dependable electricity, thereby bolstering the nation's leadership in artificial intelligence and its global economic position.
Devin Nunes, CEO of Trump Media, and Dr. Michl Binderbauer, CEO of TAE, are slated to jointly lead the combined entity as co-CEOs. Nunes articulated the transformative potential of fusion energy, hailing it as the most significant energy breakthrough since the advent of commercial nuclear power in the 1950s. He emphasized that this innovation would lead to reduced energy costs, enhanced supply, solidify America's dominance in AI, invigorate the manufacturing sector, and strengthen national defense. Nunes further highlighted that Trump Media is contributing the necessary capital and access to public markets to expedite the commercialization of TAE's proven technology.
The initial public offering of Trump Media & Technology Group in March 2024 saw shares peak near $80. However, the stock had steadily decreased, closing at $10.47 per share on the Wednesday prior to the merger announcement. This merger news has therefore provided a much-needed boost, demonstrating a potential turning point for the company's market performance.
The recent merger announcement between Trump Media & Technology Group and TAE Technologies marks a pivotal moment for both entities. This strategic consolidation not only aims to revitalize Trump Media's market presence after a challenging year but also sets the stage for a groundbreaking venture into utility-scale fusion power. The combined company's commitment to delivering affordable and reliable energy could significantly impact America's technological and economic future, particularly in the burgeoning field of artificial intelligence.