Trump Media stock surges more than 30% on surprise merger with energy firm TAE

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Trump Media & Technology Group (DJT) banal surged much than 35% connected Thursday aft the genitor institution of Truth Social announced a merger with fusion powerfulness steadfast TAE Technologies.

The woody underscores a stake connected the vigor demands from AI and information centers, and the technologies that could prevail. TAE's backers see tech elephantine Google (GOOG) (GOOGL), Goldman Sachs (GS) and lipid large Chevron (CVX).

The agreement, valued astatine much than $6 billion, is simply a stake connected the aboriginal of fusion, a benignant of atomic exertion that mimics the mode the prima produces airy and heat. Fusion is carbon-free and produces importantly little radioactive discarded than accepted atomic power.

The exertion is not yet commercially available, but the woody includes an contiguous $200 cardinal successful currency astatine signing. This backing is intended to facilitate the commencement of operation of the company's archetypal utility-scale fusion powerfulness works successful 2026.

Under the presumption of the deal, TMTG and TAE shareholders volition each ain astir 50% of the recently combined entity.

Upon closing, TMTG, which is presently bulk owned by President Trump’s Revocable Trust, volition service arsenic the holding institution for Truth Social, Truth+, Truth.Fi, and TAE, among different entities.

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As of 10:50:09 AM EST. Market Open.

Energy dominance and independency has been a absorption of Trump's administration.

In October the Department of Energy announced a fusion roadmap. Energy Secretary Chris Wright highlighted the DOE's prioritization of modernizing the country's vigor infrastructure, with a absorption connected investments successful fusion energy.

Wall Street strategists person pointed retired vigor arsenic a large bottleneck for AI and datacenter infrastructure. Hyperscalers person been signing deals with powerfulness companies straight to conscionable their AI energy demands.

GERMANY - 2025/08/20: In this photograph illustration, a smartphone with the logo of fusion powerfulness institution TAE Technologies Inc. is seen connected surface successful beforehand of website. (Photo Illustration by Timon Schneider/SOPA Images/LightRocket via Getty Images)