Trump Media merges with nuclear fusion company in a $6 billion deal

Source: Yellow Original Title: Trump Media merges with nuclear fusion company in $6 billion deal

Original Link: Trump Media & Technology Group announced on Thursday a fully stock-based merger of $6.0 billion with fusion energy company TAE Technologies.

The decision marks a drastic strategic shift for the parent company of Truth Social, which has spent 2025 building one of the largest cryptocurrency treasuries among U.S. public companies.

DJT stock surged 34% after the announcement, trading at $14.11.

Before Thursday’s rally, shares had plummeted 69% year-to-date.

What happened

Trump Media will merge with private company TAE Technologies in a transaction valued at over $6.0 billion.

Shareholders of each company will own approximately 50% of the combined entity at closing.

Devin Nunes and Dr. Michl Binderbauer will serve as co-CEOs of the merged company.

Trump Media agreed to provide TAE with $200 million in cash upon signing and another $100 million upon filing merger documentation.

The combined company plans to begin constructing a public-scale fusion power plant in 2026.

Yorkville Securities acts as the lead financial and M&A advisor on the deal.

The same firm helped Trump Media raise $2.5 billion to buy Bitcoin in May 2025.

President Donald Trump owns more than 114 million shares of Trump Media through a revocable trust controlled by Donald Trump Jr.

Why it matters

The merger comes as Trump Media holds approximately $1.5 billion in digital assets on its balance sheet.

The company purchased around $2.0 billion in Bitcoin (BTC) and related securities in July 2025.

Trump Media is also working with Crypto.com and Yorkville Acquisition Corp on a planned $6.42 billion digital asset treasury firm focused on the CRO token.

The Yorkville-backed company filed confidential documentation with the SEC in December and expects to close in the first quarter of 2026.

The merger raises questions about how Trump Media will balance its energy ambitions with its cryptocurrency strategy.

The company reported less than $2.7 million in revenue during the first nine months of 2025.

Its platform Truth Social has struggled to compete with established social networks despite active involvement from President Trump.

The merger positions Trump Media to potentially capitalize on rising electricity demand from AI data centers.

TAE Technologies has raised over $1.3 billion from investors such as Google, Chevron, and Goldman Sachs.

The company has built and operated five fusion reactors and holds more than 1,600 patents.

Dan Ives of Wedbush Securities called the deal a major bet on creating the first public nuclear fusion company in the United States.

The transaction is expected to close in mid-2026, pending regulatory approval.